Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group Plc has announced a tender offer for its £600 million Fixed Rate Reset Subordinated Notes due 2045, inviting holders to tender their notes for purchase. This move is part of the company’s strategy to manage its redemption profile and offer noteholders the opportunity to sell their holdings and apply for preference in the allocation of new notes. The offer is contingent upon the successful issuance of new sterling-denominated Tier 2 notes, which will help Legal & General optimize its capital structure and potentially enhance its financial flexibility.
More about Legal & General
Legal & General Group Plc is a financial services company based in the United Kingdom, primarily engaged in providing insurance, investment management, and retirement solutions. The company focuses on offering a range of financial products and services to individual and institutional clients, with a strong presence in the UK market.
YTD Price Performance: 5.87%
Average Trading Volume: 18,166,197
Technical Sentiment Signal: Strong Sell
Current Market Cap: £14.16B
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