Slaughter and May advised Legal & General Group Plc on its issue of £500,000,000 Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes (the RT1 Notes). The RT1 Notes are convertible into ordinary shares of Legal & General Group Plc upon the occurrence of certain conversion trigger events. The Notes are listed on the International Securities Market of the London Stock Exchange. BofA Securities and Barclays acted as joint structuring advisers and BofA Securities, Barclays, Citigroup, HSBC, J.P. Morgan and NatWest Markets acted as joint lead managers for the issuance.
