Slaughter and May advised Prudential plc on its issuance of Resettable Dated Tier 2 Notes

Slaughter and May advised Prudential plc on its issuance of GBP 300,000,000 3.875 per cent. Resettable Dated Tier 2 Notes due 20 July, 2049 (the “Notes”) under its GBP 10 billion Medium Term Note Programme.

The Notes which were issued on 10 July 2019 are intended to qualify as tier two capital for regulatory capital purposes and have been assigned a rating of A3 by  Moody’s, BBB by S&P, and BBB by Fitch. The Notes have been admitted to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange.

Goldman Sachs International, Bank of America Merrill Lynch, Morgan Stanley and Société Générale acted as joint lead managers in connection with the issuance.