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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 and Old Mutual Limited.
Issuer information

Old Mutual Limited Multi-Issuer Consolidated DMTN Programme

Debt Summary

  • Nominal value of Old Mutual Life Assurance Company (South Africa) Limited subordinated debt: R8 110m

Other Information:

Summary of issued instruments

Old Mutual Life Assurance Company (South Africa) Limited, the Group's South African life subsidiary, issued subordinated securities.

Stock code
Description
Snr/Sub1
Issue date
Maturity date
Reference rate
Pricing supplement

OML21

R840m 5 year non-callable Floating Rate note

Sub

Sep-25

Sep-30

3-month Jibar + 120 bps

OML20

R1160m 5 year non-callable Floating Rate note

Sub

Jun-25

Jun-30

3-Month Jibar + 124bps

OML19

R500m 5 year non-callable Floating Rate note

Sub

Nov-24

Nov-29

3-Month Jibar +130bps

OML18

R1000m 5 year non-callable Floating Rate note

Sub

May-24

May-29

3-Month Jibar +134bps

OML17

R641m 5 year non-callable Floating Rate note

Sub

Nov-23

Nov-28

3-Month Jibar +134bps

OML16

R859m 5 year non-callable Floating rate note

Sub

May-23

May-28

3-Month Jibar +150bps

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

OML21

Details

OML20

Details

OML19

Details

OML18

Details

OML17

Details

OML16

Details

OML15

Details

OML14

Details

OML13

Details
Description

R840m 5 year non-callable Floating Rate note

Snr/Sub1

Sub

Issue date

Sep-25

Maturity date

Sep-30

Reference rate

3-month Jibar + 120 bps

Pricing supplement
Description

R1160m 5 year non-callable Floating Rate note

Snr/Sub1

Sub

Issue date

Jun-25

Maturity date

Jun-30

Reference rate

3-Month Jibar + 124bps

Pricing supplement
Description

R500m 5 year non-callable Floating Rate note

Snr/Sub1

Sub

Issue date

Nov-24

Maturity date

Nov-29

Reference rate

3-Month Jibar +130bps

Pricing supplement
Description

R1000m 5 year non-callable Floating Rate note

Snr/Sub1

Sub

Issue date

May-24

Maturity date

May-29

Reference rate

3-Month Jibar +134bps

Pricing supplement
Description

R641m 5 year non-callable Floating Rate note

Snr/Sub1

Sub

Issue date

Nov-23

Maturity date

Nov-28

Reference rate

3-Month Jibar +134bps

Pricing supplement
Description

R859m 5 year non-callable Floating rate note

Snr/Sub1

Sub

Issue date

May-23

Maturity date

May-28

Reference rate

3-Month Jibar +150bps

Pricing supplement
Description

R500m 5 year non-callable Floating rate note

Snr/Sub1

Sub

Issue date

Oct-22

Maturity 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

Maturity 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

Maturity date

Sept-26

Reference rate

3-Month Jibar + 154bps

Pricing supplement
NOTES
1 Creditor Ranking Key:
Snr - Senior
Sub - Subordinated
Debt Maturity profile R'm (first call dates)

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.

Debt rating

Republic of South Africa

Sovereign rating: BB

Old Mutual Limited

Long-term national scale issuer credit rating: AA+
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: AA-
Long-term national scale rating: AAA
Short-term national scale rating: A-1+

Debt Investors Stock Exchange announcementsView the latest announcementsOld Mutual Credit Rating Reports

Take a look at Old Mutual Limited and Old Mutual Life Assurance Company (South Africa) Limited Credit Rating reports.