Free Trial

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

https://www.londonstockexchange.com/news-article/AV./tender-offer-and-vote-on-preference-shares/16934114

Keep reading...Show less
85 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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

https://www.londonstockexchange.com/news-article/AV./tender-offer-and-vote-on-preference-shares/16934114

Keep reading...Show less