Prudential plc: Successful pricing of SGD 600,000,000 3.800 per cent. Subordinated Notes due 22 May 2035 by Prudential Funding (Asia) plc (the "Issuer") - InsidEntity
Prudential plc: Successful pricing of SGD 600,000,000 3.800 per cent. Subordinated Notes due 22 May 2035 by Prudential Funding (Asia) plc (the “Issuer”)
The Issuer and the Guarantor today announce that the Issuer has successfully priced SGD 600,000,000 3.800 per cent. Subordinated Notes due 22 May 2035 (the "Notes") to be issued under the Issuer's US$10,000,000,000 Medium Term Note Programme.
A summary of the principal terms of the Notes is set out below for information only, and will be qualified by the more detailed information to be contained in the Final Terms relating to the Notes, which will be made available in due course, and should be read in conjunction with the prospectus dated 28 March 2025, as supplemented by a supplementary prospectus dated 2 May 2025 relating to the Issuer's US$10,000,000,000 Medium Term Note Programme.
Issuer: Prudential Funding (Asia) plc
Guarantor: Prudential plc
Issue date: 22 May 2025
Maturity date: 22 May 2035
Aggregate nominal amount: SGD 600,000,000
Rate of interest: 3.800 per cent. Per annum payable semi-annually in arrears
Ratings: BBB+ (S&P) / A3(Moody's)
Listing/trading venue: FCA Official List / London Stock Exchange's Regulated Market
·Capital qualification: Intended to qualify as tier 2 group capital under the Insurance (Group Capital) Rules of Hong Kong (Cap. 41O of the Laws of Hong Kong).
The expected use of proceeds of the issuance is for general corporate purposes.