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.
Old Mutual Limited Multi-Issuer Consolidated DMTN Programme
Debt Summary
Nominal value of Old Mutual Life Assurance Company (South Africa) Limited subordinated debt: R9 910m
Other Information:

Old Mutual Life Assurance Company (South Africa) Limited, the Group's South African life subsidiary, issued subordinated securities.
OML23
Apr-2026
OML22
OML21
R840m 5 year non-callable Floating Rate note
Sub
Sep-25
Sep-30
3-month Jibar + 120 bps
OML20
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
R1110m 5 year non-callable Floating rate note
Sub
Jun-22
Jun-27
3-Month Jibar + 155bps
OML13
R1500m 5 year non-callable Floating rate note
Sub
Sept-21
Sept-26
3-Month Jibar + 154bps
NOTES1 Creditor Ranking Key: Snr - Senior, Sub - Subordinated
Based on Tier 2 capital debt and all callable subordinated debt securities have either a five year or seven year tenor. All subordinated debt securities with first call dates matured in 2025.

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+

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