| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Aviva plc > News item |
Aviva tier 2 noteholders vote to pass extraordinary resolution
Chicago, July 14 – Aviva plc announced the results of its consent solicitation to change the terms and conditions of its £600 million tier 2 fixed-to-floating rate notes due May 2058 (ISIN: XS0364880186), according to a press release.
At a meeting held on July 14, the meeting was quorate and holders voted to pass the extraordinary resolution.
The supplemental trust deed has been executed, and the modifications have been implemented.
As a recap, Aviva was working to amend the notes so that the notes continue to be recognized and valued as tier 2 basic own funds of the issuer under applicable law, regulation and guidance following the end of the solvency II transitional period on Dec. 31, 2025; and the terms of the notes are closer aligned with the terms and conditions of tier 2 notes currently set out in the issuer’s £7 billion euro note program.
The issuer was offering a 16% voting fee to consenting Regulation S noteholders.
Ineligible noteholders who submitted ineligible instruction may be eligible to receive an equivalent amount of the voting fee.
Payments are expected by July 21.
The solicitation agent is Lloyds Bank Corporate Markets plc (+44 20 7158 1719 / 1726; LBCMLiabilityManagement@lloydsbanking.com).
The tabulation agent is Kroll Issuer Services Ltd., attn: David Shilson/Jacek Kusion (+44 20 7704 0880; aviva@is.kroll.com, https://deals.is.kroll.com/aviva).
Aviva is an insurance company based in London.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.