Debt Investors Overview
The Old Mutual Limited Group has a Multi-Issuer Consolidated DMTN Programme. The Issuers on the programme are Old Mutual Life Assurance Company (South Africa) Limited, Old Mutual Insure Limited and Old Mutual Limited.Old Mutual Limited Multi-Issuer Consolidated DMTN Programme
- Information Statement
- 2022 Programme Memorandum
- Annual Financial Statements of Old Mutual Life Assurance Company (South Africa) Limited and Old Mutual Insure Limited
Debt Summary
- Nominal value of Old Mutual Life Assurance Company (South Africa) Limited subordinated debt: R8 883m
- Nominal value of Old Mutual Insure Limited subordinated debt: R500m
Other Information:

Stock code
Description
Snr/Sub1
Issue date
First call date
Reference rate
Pricing supplement
OML15
R500m 5 year non-callable Floating rate note
Sub
Oct-22
Oct-27
3-Month Jibar +155bps
OML14
R1,11bn 5 year non-callable Floating rate note
Sub
Jun-22
Jun-27
3-Month Jibar + 155bps
OML13
R1,5bn 5 year non-callable Floating rate note
Sub
Sept-21
Sept-26
3-Month Jibar + 154bps
OML12
R2bn 5 year non-callable Floating rate note
Sub
Nov-20
Nov-25
3-Month Jibar + 193bps
OML11
R2bn 5 year non-callable Floating rate note
Sub
Jun-19
Jun-24
3-Month Jibar + 155bps
OML07
R460m 15 non-call 10 year Fixed rate notes
Sub
Nov-15
Mar-25
10.955%
OML10
R623m 15 non-call 10 year Fixed rate notes
Sub
Sep-15
Sep-25
11.350%
OML09
R568m 12 non-call 7 year Fixed rate notes
Sep-15
Sep-22
10.900%
OML07
R690m 15 non-call 10-year Fixed rate notes
Sub
Mar-15
Mar-25
10.955%
OML06
R409m 12 non-call 7-year Fixed rate notes
Sub
Mar-15
Mar-22
10.320%
OML15
OML14
OML13
OML12
OML11
OML07
OML10
OML09
OML07
OML06
Description
R500m 5 year non-callable Floating rate note
Snr/Sub1
Sub
Issue date
Oct-22
First call date
Oct-27
Reference rate
3-Month Jibar +155bps
Pricing supplement
Description
R1,11bn 5 year non-callable Floating rate note
Snr/Sub1
Sub
Issue date
Jun-22
First call date
Jun-27
Reference rate
3-Month Jibar + 155bps
Pricing supplement
Description
R1,5bn 5 year non-callable Floating rate note
Snr/Sub1
Sub
Issue date
Sept-21
First call date
Sept-26
Reference rate
3-Month Jibar + 154bps
Pricing supplement
Description
R2bn 5 year non-callable Floating rate note
Snr/Sub1
Sub
Issue date
Nov-20
First call date
Nov-25
Reference rate
3-Month Jibar + 193bps
Pricing supplement
Description
R2bn 5 year non-callable Floating rate note
Snr/Sub1
Sub
Pricing supplement
Jun-19
First call date
Jun-24
Reference rate
3-Month Jibar + 155bps
Pricing supplement
Description
R460m 15 non-call 10 year Fixed rate notes
Snr/Sub1
Sub
Pricing supplement
Nov-15
First call date
Mar-25
Reference rate
10.955%
Pricing supplement
Description
R623m 15 non-call 10 year Fixed rate notes
Snr/Sub1
Sub
Pricing supplement
Sep-15
First call date
Sep-25
Reference rate
11.350%
Pricing supplement
Description
R568m 12 non-call 7 year Fixed rate notes
Snr/Sub1
Issue date
Sep-15
First call date
Sep-22
Reference rate
10.900%
Pricing supplement
Description
R690m 15 non-call 10-year Fixed rate notes
Snr/Sub1
Sub
Issue date
Mar-15
First call date
Mar-25
Reference rate
10.955%
Pricing supplement
Description
R409m 12 non-call 7-year Fixed rate notes
Snr/Sub1
Sub
Issue date
Mar-15
First call date
Mar-22
Reference rate
10.320%
Pricing supplement
NOTES
1 Creditor Ranking Key:
Snr - Senior
Sub - Subordinated
Stock code
Description
Snr/Sub1
Issue date
First call date
Reference rate
Pricing supplement
OMI01
R500m 10 non-call 5-year Floating rate notes
Sub
Nov-17
Nov-22
3-Month Jibar + 209bps
OMI01
Description
R500m 10 non-call 5-year Floating rate notes
Snr/Sub1
Sub
Issue date
Nov-17
First call date
Nov-22
Reference rate
3-Month Jibar + 209bps
Pricing supplement
NOTES
1 Creditor Ranking Key:
Snr - Senior
Sub - Subordinated
Based on Tier 2 capital debt only. All callable subordinated debt securities have a five year tenor or have first call date five years before the maturity date.

Republic of South Africa
Sovereign rating: BB-
Old Mutual Limited
Long-term national scale issuer credit rating: A+
Short-term national scale issuer credit rating A-1
Old Mutual Life Assurance Company (South Africa) Limited
Global scale issuer credit rating and insurer financial strength rating: BB
National scale rating on subordinated deferrable debt rating: A+
Long-term national scale rating: AAA
Short-term national scale rating: A-1+

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- S&P Global Ratings - 26 Apr 2016