Friends Provident - Subordinated Debt Issue

  • 21 Apr 2011
 

Slaughter and May advised Friends Provident Holdings (UK) plc on its issue on 21 April 2011 of £500m 8.25% lower tier 2 bonds due April 2022. The terms and conditions of the bond include certain currently ascertainable Solvency II related features for tier 2 debt. Barclays Bank plc and Royal Bank of Canada Europe Limited acted as Joint Lead Managers.

 
 

Contacts

 

Miranda Leung (partner), Caroline Sanderson (associate), Lerika Joubert (associate), Andrew Chaplin (associate); Financial Regulation: Ben Kingsley (partner)

 
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