BUPA Finance PLC Pricing (7661Q)
02 Dicembre 2016 - 8:01AM
UK Regulatory
TIDMBUPF
RNS Number : 7661Q
BUPA Finance PLC
02 December 2016
Bupa
Pricing RNS
Bupa Finance plc announces the pricing of its offering of
GBP400,000,000 5.00% Fixed Rate Subordinated Notes due 8 December
2026
2 December 2016
Bupa, the international healthcare company, announces that it
has successfully launched and priced GBP400,000,000 fixed rate
subordinated notes due 8 December 2026 (the "Notes") to be issued
by its subsidiary, Bupa Finance plc. The Notes carry a coupon of
5.00 per cent per annum and are expected to be rated Baa2(hyb) and
BBB by Moody's and Fitch, respectively.
The Notes were priced at a spread over gilts of 367 basis points
and have a maturity date of 8 December 2026. The transaction
attracted strong demand from investors, with the final order book
closing at over GBP1.1bn. The Notes will qualify as tier 2 capital.
Subject to compliance with applicable regulatory requirements, Bupa
Finance plc will redeem the Notes at the Maturity Date or may,
subject to compliance with applicable regulatory requirements,
redeem the Notes at any time beforehand upon the occurrence of
certain tax or regulatory events.
Joy Linton, Chief Financial Officer said, "Following the recent
announcement of the proposed acquisition of Oasis Dental Care, we
have taken the opportunity to raise tier 2 capital. This further
enhances our prudent solvency capital and liquidity positions. We
are pleased with the continued support of our fixed income investor
base as we remain focused on delivering great service and care for
our customers and continuing to generate a strong and sustainable
business performance."
For further information, please contact:
Gareth Evans, Group Treasurer, +44 20 7656 2316
Mark Dalton, Deputy Group Treasurer, +44 20 7656 2370
DISCLAIMER - INTENDED ADDRESSEES
This publication does not constitute an offering of debt
instruments, and is not for distribution in or into the United
States. The Notes have not been and will not be registered under
the United States Securities Act of 1933 as amended (the
"Securities Act"), or any relevant securities laws of any state of
the United States and, subject to certain exceptions, the Notes may
not be offered, sold or delivered in the United States or to, or
for the account or benefit of, U.S. persons, as such terms are
defined in Regulation S under the Securities Act. Notes in bearer
form are subject to U.S. tax law requirements and may not be
offered, sold or delivered within the United States or its
possessions or to a U.S. person, except in certain transactions
permitted by U.S. tax regulations. Terms used in the preceding
sentence have the meanings given to them by the U.S. Internal
Revenue Code and regulations thereunder. There will be no public
offering of the Notes in the United States.
Please note that the information contained in this announcement
may be addressed to and/or targeted at persons who are residents of
particular countries only and is not intended for use and should
not be relied upon by any person outside these countries.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
IODFSAESFFMSELE
(END) Dow Jones Newswires
December 02, 2016 02:01 ET (07:01 GMT)
Grafico Azioni Bupa Fin.bds (LSE:BUPF)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Bupa Fin.bds (LSE:BUPF)
Storico
Da Set 2023 a Set 2024