November 28, 2024 08:26 GMT
FINANCIALS: Aviva Bids For Direct line
FINANCIALS
Keeping an eye on Aviva and Direct Line bonds this morning after Aviva announced a bid for the company that valued direct line at a c.60% premium to its closing share price on Nov 18. The direct line board swiftly rejected the proposal. Due to UK takeover rules Aviva now has until 25 Dec to make a formal offer.
DLGLN Tier 2 - Baa2 / AVLN Tier 2 - A3
DLGLN 4% 2032
AVLN 6.875% 2053
RT1 - Ba1 / AVLN RT1 - Baa2
DLGLN 4.75% Perp
AVLN 6.875% Perp
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