March 11, 2025 10:58 GMT
FINANCIALS: Aviva - Finally Tendering For Their Prefs
FINANCIALS
Aviva are tendering and voting to cancel their perps. The come look to be coming with c.15pt premiums to mid. Investors have the choice to tender and if they get enough votes AVLN will cancel the shares - which will earn holders an additional premium.
- AVLN 7.875% Perp - Tender price £1.357 - Cancellation price £1.366
- AVLN 8.875% Perp - Tender price £1.55 - Cancellation price £1.56
- AVLN 8.375% Perp - Tender price £1.452 - Cancellation price £1.448
- AVLN 8.75% Perp - Tender price £1.534 - Cancellation price £1.529
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