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Johannesburg - Old Mutual announced on Tuesday that it has launched and priced a £500m fixed rate senior bond.
The bond is due 19 October 2016 with a coupon rate of 7.125% (semi-annual).
The reoffer price is 99.323.
Lead managers are Barclays Capital, Deutsche Bank and Royal Bank of Scotland and
co-leads are Calyon, RBC Capital Markets and Societe Generale.
The settlement date for the issue is 19 October 2009.
The issue is being made under the Company's £3.5bn Euro Note Programme
and will be listed in London in denominations of £50 000 and £1 000.
The bond is senior and unsecured and is rated Baa1/BBB by Moody's and Fitch FSA stabilisation, the company said.
The proceeds of the bond will be used for general corporate purposes, Old Mutual said.
- I-Net Bridge