DEBT INVESTORS
The Debt Investors section contains information about Old Mutual's debt financing activities, credit ratings and credit reports plus copies of recent bond prospectuses.
For further information, please contact us.
Debt financing activity
Old Mutual plc, the London-listed holding company, is the primary financing company for the group. It has a £3.5bn Euro Note Programme listed on the London Stock Exchange, and in September 2005 raised a new £1.25bn five-year (plus up to a two-year extension) bank credit facility. Old Mutual is an active issuer in the capital markets. Outstanding transactions include:
|
Description
|
Snr/Sub 1
|
Issue Date
|
First Call Date
|
Maturity Date
|
Rating (Fitch/ Moodys)
|
|---|---|---|---|---|---|
| US$750m 8% Preferred Securities 2 | Sub | May-03 | Dec-08 | undated | BBB/ Baa2 |
| £350m 6.38% Tier 1 perpetual notes | Sub | Mar-05 | Mar-20 | undated | BBB/ Baa2 |
| €500m 5% Upper Tier 2 perpetual notes | Sub | Nov-05 | Nov-15 | undated | BBB/ Baa2 |
| £300m 5% Lower Tier 2 10 non-call 5-year notes |
Sub | Jan-06 | Jan-11 | Jan-16 | BBB/ Baa2 |
| €750m 4.5% Lower Tier 2 10 non-call 5-year notes |
Sub | Jan-07 | Jan-12 | Jan-17 | BBB/ Baa2 |
OMLACSA, the Group's South African Life Subsidiary, issued subordinated security in October 2005, as follows:
|
Description
|
Snr/Sub **
|
Issue Date
|
First Call Date
|
Maturity Date
|
Domestic SA Rating (Fitch)
|
|---|---|---|---|---|---|
| R3bn 15 non-call 10-year notes | Sub | Oct-05 | Oct-15 | Oct-20 | AA+ |
1 Creditor Ranking Key:
Snr - Senior
Sub - Subordinated
2 issued via a financing subsidiary of Old Mutual plc
