Legal & General Announces Tender Offer for £600m Notes
Why we think this is neutral
The RNS announcement is about a tender offer for the company's outstanding £600 million notes, which is not one of the mandatory news types that require detailed analysis. As a result, the sentiment is assessed as neutral.
Key Points
- Tender offer for £600 million fixed rate subordinated notes due 2045
- Maximum acceptance amount set at £600 million
- Offer subject to new financing condition and other conditions
Summary
The financial services group has announced a tender offer for its £600 million fixed rate subordinated notes due 2045.
Legal & General Group Plc has announced a tender offer for its outstanding £600 million Fixed Rate Reset Subordinated Notes due 2045. The maximum acceptance amount for the offer has been set at £600 million. The offer is subject to the satisfaction of certain conditions, including a new financing condition.
GENERAL UPDATE