Prudential to Redeem $2.25 Billion of Bonds
22 Oktober 2021 - 11:17AM
Dow Jones News
By Jaime Llinares Taboada
Prudential PLC said Friday that it intends to redeem $2.25
billion of high coupon bonds, reducing interest costs by around
$125 million per year.
The U.K. insurer earlier this month completed a $2.4 billion
equity fundraising in Hong Kong.
"Prudential also continues to monitor the market for other
opportunities to further reduce its interest costs by raising new
debt to refinance higher coupon existing debt," the FTSE 100
company said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 22, 2021 05:02 ET (09:02 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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