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M&G (MGNLN: A3 / A): Deleveraging

FINANCIALS

As per RNS announcement: M&G aim to reduce its Solvency II leverage ratio to 30% or less by 2025.

As such, they will take out £450m of debt.

Redeeming the £300m 3.875% Tier 2 XS2025521886

  • Tendering up to £150m of the following:
  • 5.625% 2051
  • 5.56% 2055
  • 6.34% 2063
  • 6.25% 2068

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