Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 27-06-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Legal and General Group Subordinated Notes due 2044 | Industry: | Financial Services |
| Description: |
Slaughter and May advised Legal and General Group Plc on its issuance of GBP600 million Fixed Rate Reset Subordinated Notes due 2064 pursuant to its GBP3 billion Euro Note Programme. The Notes bear interest at the rate of 5.50% per annum until 27 June 2044. On such date and thereafter on each reset date, the interest rate shall be reset by reference to a reference bond rate.
The Royal Bank of Scotland acted as structuring adviser and Barclays, Citigroup, HSBC and The Royal Bank of Scotland acted as joint lead managers.
Financing: Marc Hutchinson (partner), Andrew Chaplin (associate); Tax: Tony Beare (partner), Tim Lambarth (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 | Marc Hutchinson |
