Slaughter and May advised Pension Insurance Corporation plc on its issue of £250 million Subordinated Notes

Slaughter and May advised Pension Insurance Corporation plc on its issuance of £250 million Subordinated Notes due 2026. The Notes bear interest at the rate of 8 per cent. per annum and are listed on the Regulated Market of the London Stock Exchange. Morgan Stanley acted as lead manager and sole structuring adviser.