REG - Royal London RL Fin Bnds No.2 PLC RL Fin Bnds No.3 plc - Announcement of Early Redemption

HSBC HoldingsAnnouncement

06/11/2023 08:15

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RNS Number : 3911S  Royal London  06 November 2023

 

 RL FINANCE BONDS NO. 2 PLC (the "Issuer")

£400,000,000 6.125 per cent. Fixed Rate Reset Callable Guaranteed
Subordinated Notes due 2043 guaranteed by The Royal London Mutual Insurance
Society Limited (the "Guarantor"), of which £98,349,000 in principal amount
is outstanding

(ISIN / Common Code: XS0998135718 / 099813571)

(the "Notes")

6 November 2023

Announcement of early redemption

RL Finance Bonds No. 2 plc (the "Issuer") today gave notice to the holders of
the outstanding Notes that, pursuant to Condition 8(d) of the Terms and
Conditions of the Notes (the "Conditions") set out in Schedule 2 to the Trust
Deed dated 29 November 2013 (the "Trust Deed") between the Issuer, the
Guarantor and HSBC Corporate Trustee Company (UK) Limited (as Trustee), the
Issuer has exercised its option to redeem all of the outstanding Notes on 30
November 2023 (the "Redemption Date") at their principal amount together with
accrued and unpaid interest to (but excluding) the Redemption Date.

Payment in respect of the Notes will be made through Euroclear Bank SA/NV and
Clearstream Banking, S.A., in accordance with their standard procedures.

The Issuer has requested the UK Financial Conduct Authority (the "FCA") to
cancel the listing of all outstanding Notes on the Redemption Date pursuant to
LR 5.2.8 of the FCA Listing Rules.

Unless otherwise defined herein, defined terms used have the meanings given to
them in the Trust Deed and the Conditions.

For further information:

 

Royal London Investor Relations team

investors@royallondon.com

Royal London Press team

pressoffice@royallondon.com

Legal Entity Identifier (LEI) Number: 213800NDHTJTEZ5D9N71

 

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