Debt Investors Overview
The Debt Investors section contains information about Old Mutual's debt financing activities, credit ratings and credit reports plus copies of recent bond prospectuses and offering circulars.
Debt financing activity
Old Mutual plc
Old Mutual plc, the London-listed holding company, is the primary financing company for the group. It has a £5bn Euro Note Programme listed on the London Stock Exchange. Outstanding transactions include:
|Description||Snr/Sub 1||Issue Date||First Call Date||Maturity Date||Rating (Fitch
|£450m 7.875% Tier 2 10-year notes2||Sub||3-Nov-2015||N/A||3-Nov-2025||BB/Ba2|
|£500m 8% Tier 2 10-year notes3||Sub||3-Jun-2011||N/A||3-Jun-2021||BB/Ba2|
2 Reduced to £60.842m on 24th November 2017 following an open market tender.
3 Reduced to £340.884m on 24th November 2017 following an open market tender.
Old Mutual Life Assurance Company (South Africa) Limited
Old Mutual Life Assurance Company (South Africa), the Group's South African Life Subsidiary, issued subordinated securities in October 2005 and November 2014.
|Description||Snr/Sub 1||Issue Date||First Call Date||Maturity Date||Domestic SA Rating (S&P)|
|R460m 15 non-call 10 year Fixed rate notes||Sub||Nov-15||Mar-25||Mar-30||AA (zaf)|
|R623m 15 non-call 10 year Fixed rate notes||Sub||Sep-15||Sep-25||Sep-30||AA (zaf)
|R568m 12 non-call 7 year Fixed rate notes||Sub||Sep-15||Sep-22||Sep-27||AA (zaf)
|R1.288bn 10 non-call 5 year Floating rate notes||Sub||Sep-15||Sep-20||Sep-25||AA (zaf)
|R690m 15 non-call 10-year Fixed rate notes||Sub||Mar-15||Mar-25||Mar-30||AA (zaf)
|R409m 12 non-call 7-year Fixed rate notes||Sub||Mar-15||Mar-22||Mar-27||AA (zaf)
|R425m 10 non-call 5-year Fixed rate notes||Sub||Mar-15
|R537m 10 non-call 5-year Floating rate notes
|R300m 10 non-call 5-year Fixed rate notes||Sub||Nov-14||Nov-19||Nov-24||AA (zaf)
|R700m 10 non-call 5-year Floating rate notes||Sub||Nov-14||Nov-19||Nov-24||AA (zaf)
|R3bn 15 non-call 10-year notes||Sub||Oct-05||Oct-15||Oct-20||AA (zaf)
1 Creditor Ranking Key:
Snr - Senior
Sub - Subordinated