Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 08-11-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | Friends Life Group plc Upper Tier 2 Bonds | Industry: | Life Insurance |
| Description: |
Slaughter and May advised Friends Life Group plc on its issue on 8 November 2012 of US$575,000,000 7.875% reset perpetual upper tier 2 bonds guaranteed by its subsidiary, Friends Life Limited. The terms and conditions of the bonds include certain currently ascertainable Solvency II features. HSBC acted as Structuring Adviser and Barclays, Citibank, HSBC and RBC Capital Markets acted as Joint Lead Managers.
Financing: Miranda Leung (partner), Andrew Chaplin (associate); Tax: Mike Lane (partner), Ed Milliner (associate).
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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: |
Corporate Bonds Subordinated Debt |
Lawyer | Miranda Leung |
