Aviva plc to redeem Insurance Capital Securities

RNS Number : 2676Q

Aviva PLC

17 October 2019

 

17 October 2019

Aviva plc to redeem £209,895,000 6.875 per cent Step Up Tier I Insurance Capital Securities

(ISIN: XS0181161380 , Common Code: 0181161380 )

Aviva plc (the "Issuer") announces that notification has been given to the holders of the £209,895,000 6.875 per cent Step Up Tier I Insurance Capital Securities (the "Notes'') that it shall redeem the Notes in full on 21 November 2019 (i.e. the First Call Date) at their principal amount together with accrued interest to (but excluding) 21 November 2019.

In addition, the Issuer will apply to the Financial Conduct Authority, in its capacity as United Kingdom Listing Authority, to cancel the listing of the Notes on the Official List of the United Kingdom Listing Authority.

Capitalised terms not otherwise defined herein have the meanings given to them in the Terms and Conditions of the Notes.

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Enquiries:

Media:

Nigel Prideaux                                                                                                  [phone]

Andrew Reid                                                                                                     [phone]

Analysts:

Chris Esson                                                                                                        [phone]

Diane Michelberger                                                                                       [phone]

Notes to editors:

·     Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.

·     In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.  

·     Aviva's asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and manages over £346 billion in assets (as at 30 June 2019). Total group assets under management at Aviva group are £501 billion (as at 30 June 2019).

·     Aviva helps people save for the future and manage the risks of everyday life; last year we paid £32.9 billion in claims and benefits on behalf of our 33 million customers.

·     By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.

·     The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive.

·     For an introduction to what we do and how we do it, please click here www.aviva.com/about-us

·     Follow us on twitter: www.twitter.com/avivaplc/ 

·     Follow us on LinkedIn: www.linkedin.com/company/aviva-plc

·     For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva

·     We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking.

 

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