Slaughter and May advised Bupa on its issuance of Senior and Tier 2 Notes
Slaughter and May advised Bupa Finance plc on its issuance of £300,000,000 1.75 per cent. Fixed Rate Notes due 2027 (the “Senior Notes”) and £350,000,000 4.125 per cent. Fixed Rate Subordinated Notes due 2035 (the “Tier 2 Notes”).
The Senior Notes are guaranteed by The British United Provident Association Limited. The Tier 2 Notes constitute a Tier 2 qualifying regulatory capital instrument under Solvency II. Each of the Senior Notes and the Tier 2 Notes will be admitted to trading on the regulated market of the London Stock Exchange.