June 10, 2024 08:28 GMT
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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