Old Mutual to redeem ZAR 3 billion notes on Oct. 27

By Alyssa Stahr

Chicago, Sept. 21 – Old Mutual plc that its subsidiary, Old Mutual Life Assurance Co. (South Africa) Ltd., will redeem ZAR 3 billion of notes that were issued on Oct. 27, 2005 under its unsecured subordinated callable note program.

The notes will be redeemed at the first optional redemption date of Oct. 27, 2015, according to a notice.

Old Mutual is a London-based financial services company. Subsidiary Old Mutual Life Assurance Co. (South Africa) Ltd. is based in Pinelands, South Africa.

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