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Prospect News home > News index > List of issuers P > Headlines for Pearl Group Holdings (No. 1) Ltd. > News item
Published on 3/21/2016 in the Prospect News Liability Management Daily.

Pearl Group to redeem £7.38 million 6.5864% fixed/floating perpetuals

By Tali Rackner

Norfolk, Va., March 21 – Pearl Group Holdings (No. 1) Ltd. (formerly Resolution plc) plans to redeem £7,383,000 of its £500 million 6.5864% fixed/floating-rate perpetual reset capital securities, according to a filing with the London Stock Exchange.

The securities will be redeemed at 85% of par plus accrued interest on April 25.

Pearl Group is a London-based acquirer and manager of in-force life funds in the United Kingdom.


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