Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 31-03-2017 | Practice Area: | Debt Capital Markets |
| Deal Title: | RSA Insurance Group Issuance of Tier 1 Contingent Convertible Notes | Industry: | Nonlife Insurance |
| Description: |
Slaughter and May advised RSA Insurance Group plc on its issue of SEK 2,500,000,000 and DKK 650,000,000 Floating Rate Perpetual Restricted Tier 1 Contingent Convertible Notes. The issuance was the first public Solvency II compliant Restricted Tier 1 issuance by a UK insurer. The Notes were convertible into ordinary shares of RSA Insurance Group plc upon the occurrence of certain conversion trigger events. The Notes were listed on the Global Exchange Market of the Irish Stock Exchange. Citigroup and HSBC acted as joint structuring advisers and Citigroup, Danske Bank and HSBC acted as joint lead managers for the issuance.
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| Financial Center: | London | Value: | 500.01-1000.00 |
| Advised Party: | Issuer:: | Law Firm | Slaughter and May |
| Issuer Jurisdiction | United Kingdom | Listing Jurisdiction | United Kingdom |
| Classification: |
Capital Securities |
Lawyer | Guy OKeefe |
