Published on 11/3/2015 in the Prospect News Emerging Markets Daily.
New Issue: South Africa’s Old Mutual sells ZAR 460 million 10.955% notes due 2030 at 98.5192
By Susanna Moon
Chicago, Nov. 3 – Old Mutual plc said subsidiary Old Mutual Life Assurance Co. (South Africa) Ltd. issued ZAR 460 million of 10.955% unsecured subordinated callable notes due March 19, 2030.
The notes were issued at 98.5192, according to a term sheet.
Old Mutual is a London-based financial services company. Subsidiary Old Mutual Life Assurance Co. (South Africa) is based in Pinelands, South Africa.
| Issuer: | Old Mutual Life Assurance Co. (South Africa) Ltd.
|
| Issue: | Unsecured subordinated callable notes
|
| Amount: | ZAR 460 million
|
| Maturity: | March 19, 2030
|
| Coupon: | 10.955%
|
| Price: | 98.5192
|
| Call/step-up date: | March 19, 2025
|
| Pricing date: | Nov. 3
|
| Issue date: | Nov. 4
|
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