Phoenix Group Holdings PLC Phoenix Group Holdings plc issue of Tier 2 Notes (1943O)
28 Mayo 2020 - 1:00AM
UK Regulatory
TIDMPHNX
RNS Number : 1943O
Phoenix Group Holdings PLC
28 May 2020
Phoenix Group Holdings plc (LEI: 2138001P49OLAEU33T68)
Phoenix Group Holdings plc mandates Joint Lead Managers for
issue of Tier 2 Notes
Phoenix Group Holdings plc ("PGH") has mandated Barclays,
Citigroup, HSBC and J.P. Morgan Cazenove as Joint Lead Managers for
an upcoming issuance of up to USD 500m Tier 2 notes (the "Notes"),
to be issued under the PGH GBP3bn Euro Medium Term Note Programme
(the "Programme"). The Notes are expected to have a maturity of
approximately 11.25 years and to be redeemable at the option of PGH
from June to September 2026.
The net proceeds from the issue of the Notes will be used for
general corporate purposes, including providing additional
flexibility for the refinancing of existing Phoenix Group
borrowings.
The offering of the Notes will be launched in the near future,
subject to market conditions.
For further information, please contact:
Phoenix Group Holdings plc
Office: Juxon House, 100 St Paul's Churchyard, London EC4M 8BU,
United Kingdom
Group Treasurer: Rashmin Shah
Telephone: +44 20 3735 0059
Email: rashmin.shah@thephoenixgroup.com
Website: http://www.thephoenixgroup.com/
This announcement relates to the disclosure of information
relevant for holders of the Phoenix Group's debt securities that
qualified, or may have qualified, as inside information within the
meaning of Article 7(1) of the EU Market Abuse Regulation.
The person responsible for arranging for the release of this
announcement on behalf of PGH is Gerald Watson.
DISCLAIMER - INTENDED ADDRESSEES
Neither this announcement nor any copy of it may be taken or
transmitted into the United States of America, its territories or
possessions, or distributed, directly or indirectly, in the United
States of America, its territories or possessions or to a U.S.
person (as defined in the U.S. Securities Act of 1933 (the
"Securities Act")). Any failure to comply with this restriction may
constitute a violation of U.S. securities laws. This announcement
is not an offer of any securities for sale, or an offer to
repurchase securities, in the United States. PGH has not registered
and does not intend to register any portion of the proposed
offering in the United States or to conduct a public offering of
any securities in the United States. The Notes may not be offered
or sold in the United States or to a U.S. person except pursuant to
an exemption from, or transaction not subject to, the registration
requirements of the Securities Act.
This announcement is made to and is directed only at persons in
the United Kingdom having professional experience in matters
relating to investments who fall within the definition of
"investment professionals" in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotions) Order 2005,
and to those persons to whom it can otherwise lawfully be
distributed.
The Notes are complex financial instruments and are not a
suitable or appropriate investment for all investors.
Solely for the purposes of its obligations pursuant to Sections
309B(1)(a) and 309B(1)(c) of the Securities and Futures Act
(Chapter 289) of Singapore, as modified or amended from time to
time (the "SFA"), PGH has determined, and hereby notifies all
persons, including all relevant persons (as defined in Section
309A(1) of the SFA), that the Notes are prescribed capital markets
products (as defined in the Securities and Futures (Capital Markets
Products) Regulations 2018 of Singapore) and Excluded Investment
Products (as defined in Monetary Authority of Singapore ("MAS")
Notice SFA 04-N12: Notice on the Sale of Investment Products and
MAS Notice FAA-N16: Notice on Recommendations on Investment
Products).
Potential investors in the Notes should inform themselves of,
and comply with, any applicable laws, regulations or regulatory
guidance with respect to any resale of the Notes (or any beneficial
interests therein).
The Notes are not intended to be offered, sold or otherwise made
available and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area
("EEA") or the United Kingdom ("UK"). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive
2014/65/EU, as amended, "MiFID II" or (ii) a customer within the
meaning of Directive (EU) 2016/97, as amended, where that customer
would not qualify as a professional client as defined in point (10)
of Article 4(1) of MiFID II. Consequently, no key information
document required by Regulation (EU) No 1286/2014 (as amended, the
"PRIIPS Regulation") for offering or selling the Notes or otherwise
making them available to retail investors in the EEA or the UK has
been prepared and therefore offering or selling the Notes or
otherwise making them available to any retail investor in the EEA
or the UK may be unlawful under the PRIIPS Regulation.
A copy of the Base Prospectus and Supplementary Prospectuses in
relation to the Programme are available for viewing at
https://www.thephoenixgroup.com/investor-relations/bondholder-information/phoenix-group-holdings-plc.aspx.
When published, the final terms of the Notes will be available for
viewing on the website of the Regulatory News Service operated by
the London Stock Exchange at:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.
FCA/ICMA stabilisation is expected to apply.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IODMZGZKKRFGGZG
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May 28, 2020 02:00 ET (06:00 GMT)
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