Announcement of Early Redemption

Royal London

06 November 2023

 

 RL FINANCE BONDS NO. 2 PLC (the "Issuer")
£400,000,000 6.125 per cent. Fixed Rate Reset Callable Guaranteed Subordinated Notes due 2043 guaranteed by The Royal London Mutual Insurance Society Limited (the "Guarantor"), of which £98,349,000 in principal amount is outstanding
(ISIN / Common Code: XS0998135718 / 099813571)
(the "Notes")

6 November 2023

Announcement of early redemption

RL Finance Bonds No. 2 plc (the "Issuer") today gave notice to the holders of the outstanding Notes that, pursuant to Condition 8(d) of the Terms and Conditions of the Notes (the "Conditions") set out in Schedule 2 to the Trust Deed dated 29 November 2013 (the "Trust Deed") between the Issuer, the Guarantor and HSBC Corporate Trustee Company (UK) Limited (as Trustee), the Issuer has exercised its option to redeem all of the outstanding Notes on 30 November 2023 (the "Redemption Date") at their principal amount together with accrued and unpaid interest to (but excluding) the Redemption Date.

Payment in respect of the Notes will be made through Euroclear Bank SA/NV and Clearstream Banking, S.A., in accordance with their standard procedures.

The Issuer has requested the UK Financial Conduct Authority (the "FCA") to cancel the listing of all outstanding Notes on the Redemption Date pursuant to LR 5.2.8 of the FCA Listing Rules.

Unless otherwise defined herein, defined terms used have the meanings given to them in the Trust Deed and the Conditions.

For further information:

Royal London Investor Relations team

[e-mail]

Royal London Press team
[e-mail]

Legal Entity Identifier (LEI) Number: 213800NDHTJTEZ5D9N71

 

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