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OML - Old Mutual Plc - Announces that it has launched and priced a GBP500m fixed

Release Date: 13/10/2009 07:10
Code(s): OML
Wrap Text

OML - Old Mutual Plc - Announces that it has launched and priced a GBP500m fixed rate senior Bond OLD MUTUAL PLC ISIN CODE: GB0007389926 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOML Old Mutual plc announces that it has launched and priced a GBP500m fixed rate senior Bond Details of the Bond are as follows: Due 19 October 2016, coupon 7.125% (semi-annual). Reoffer price 99.323 Lead managers are Barclays Capital, Deutsche Bank and Royal Bank of Scotland and co-leads are Calyon, RBC Capital Markets and Societe Generale. The settlement date for the issue is 19 October 2009. The issue is being made under the Company`s GBP3.5 billion Euro Note Programme and will be listed in London in denominations of GBP50,000 and GBP1,000. The bond is senior and unsecured and is rated Baa1/BBB by Moody`s and Fitch. FSA stabilisation. Use of proceeds - General corporate purposes For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Patrick Bowes UK +44 (0)20 7002 7440 Deward Serfontein SA +27 (0)82 810 5672 Media Matthew UK / SA +44 (0)20 7002 7133 Gregorowski +44 (0)7748 183 834 Don Hunter UK +44 (0)20 7251 3801 (Finsbury) 12 October 2009 Sponsor Merrill Lynch South Africa (Pty) Limited Notes to Editors Old Mutual Old Mutual plc is a leading international long-term savings Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others. In the year ended 31 December 2008, the Group reported adjusted operating profit of GBP1.0 billion (on an IFRS basis) and had GBP265 billion of funds under management at the year end. The Group has approximately 57,000 employees. Date: 13/10/2009 07:10:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.