41BM Rl Fin.bds 2 43

TIDM41BM TIDM60KE

RNS Number : 3201N

Royal London

23 September 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES").

MONDAY 23 SEPTEMBER 2019

Announcement of Roadshow in relation to a proposed offering of Tier 2 Notes (the "Notes") by RL Finance Bonds No. 4 plc

The Royal London Mutual Insurance Society Limited ("RLMIS") announces that its subsidiary, RL Finance Bonds No. 4 plc, has mandated BNP Paribas and HSBC Bank plc as Joint Structuring Advisors and Joint Lead Managers to arrange a series of fixed income investor meetings in London, commencing on Wednesday 25 September 2019. A 30NC20 GBP benchmark Tier 2 transaction, guaranteed by RLMIS, will follow, subject to market conditions. The Notes will be offered pursuant to Regulation S of the U.S. Securities Act of 1933, as amended, and will be in registered format. The Notes are expected to be rated Baa1/BBB+ (Moody's/S&P).

This announcement is released by RL Finance Bonds No. 2 plc and RL Finance Bonds No. 3 plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 and has been announced in accordance with their respective obligations under Article 17 of that Regulation. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Royal London Management Services Limited, company secretary of each issuer.

The manufacturer target market for the purpose of MIFID II product governance is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in EEA.

This announcement is not an offer of the Notes in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act").

This communication does not constitute an offer of the Notes to the public in the United Kingdom. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

This announcement is an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129. The final Prospectus relating to the Notes, when published, will be available at https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO OR FOR THE ACCOUNT OF U.S. PERSONS (EACH AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT ("REGULATION S")). THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE SECURITIES ACT, AND MAY NOT BE OFFERED, SOLD OR DELIVERED IN THE UNITED STATES (AS SUCH TERM IS DEFINED IN REGULATION S) OR TO OR FOR THE ACCOUNT OF U.S. PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S) UNLESS THE NOTES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE.

FCA/ICMA stabilisation applies.

-ENDS -

For further information please contact:

 
 Mona Patel                                0203 2725133 
  Group Head of External Communications     07919 171964 
  Mona.patel@royallondon.com 
 

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of GBP130 billion, 8.8 million policies in force and 4,046 employees. Figures quoted are as at June 2019.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 23, 2019 08:17 ET (12:17 GMT)

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