Slaughter and May advised Legal & General Group Plc on its issuance of US$500 million Fixed Rate Reset Subordinated Notes due 2052 pursuant to its £4 billion Euro Note Programme

Slaughter and May advised Legal & General Group Plc on its issuance of US$500 million Fixed Rate Reset Subordinated Notes due 2052 pursuant to its £4 billion Euro Note Programme. The Notes bear interest at the rate of 5.55 per cent. per annum until 24 April 2032. On such date and thereafter on each reset date, the interest rate shall be reset by reference to a reference bond rate.

Barclays Bank, Goldman Sachs International and Merrill Lynch International acted as joint lead managers.