Information for bond investors including:
- Term debt and preference shares
- US dollar bonds
- Sterling perpetual securities
- Sterling perpetual notes
- Sterling step-up notes
- New notes issues 2014
- All bonds
Share price at 14:05
£6.83
Change: +0.01%
6,980.85
Change: +0.59%
* Data is provided by financial exchanges and may be delayed as specified by financial exchanges or our data providers.
Information for bond investors including:
Instrument | Notional Issued | Notional Outstanding | Issuer | Coupon | Issued | Maturity | First Call | Presentation/Terms |
Senior | £350m | £350m | RSA Insurance Group Plc | 1.625% | 2019 | 2024 | - | RSA 1.625% 24 Sen |
Subordinated | £400m | £400m | RSA Insurance Group Plc | 5.125% | 2014 | 2045 | 2025 | RSA 5.125% 45 T2 |
Subordinated | SEK 2,500m | SEK 2,500m | RSA Insurance Group Plc | 3M STIBOR +525 | 2017 | Perpetual | 2022 | RSA Float Perp SEK RT1 |
Subordinated | DKK 650m | DKK 650m | RSA Insurance Group Plc | 3M CIBOR +485 | 2017 | Perpetual | 2022 | RSA Float Perp DKK RT1 |
Subordinated | $500m | $9.042m | RSA Insurance Group Plc | 8.950% | 2029 | - | RSA 8.95% 29 Yankee | |
Preference Shares | £125m | £125m | RSA Insurance Group Plc | 7.375% | 1993 | Perpetual | - | RSA 7.375% Perp Pref Shs |
The subordinated guaranteed US$9m bonds have a redemption date of 15 October 2029. The rate of interest payable on the bonds is 8.95%
The Sterling perpetual bonds were issued on 12 May 2006 and the rate of interest payable is 6.701% of the nominal value. The Group has the option to repay the bonds on specific dates starting 12 July 2017. If the bonds are not repaid, from that date, the interest payable would be LIBOR plus 2.51%.
On 21 March 2017 the Group announced an invitation to the holders of the notes to offer them for purchase in a public tender operation. On the 30 March 2017 the Group announced it had accepted £347m nominal value of the bonds. The remaining bonds were called on 12 July 2017. No notes are outstanding.
The perpetual notes with a nominal value of £450m were called on 8 December 2014. No notes are outstanding.
The subordinated guaranteed dated notes were issued on 20 May 2009. The bonds have a nominal value of £500m and bear interest at a fixed rate of 9.375% until redemption on 20 May 2039. The Group has the option to repay the notes on specific dates from 20 May 2019. If the notes are not repaid on that date, the rates of interest would be reset at a rate of 8.475% plus the appropriate benchmark gilt yield for a further five year period.
On 30 June 2016, the Group invited holders of the notes to offer them for purchase by the Group for cash in a public tender operation. The offer period expired on 7 July and on the 8 July, the Group announced it had accepted £200m nominal value of bonds. Accordingly, the remaining nominal value of the notes outstanding is £300m.
On 21 March 2017, the Group announced a further invitation to the holders of the notes to offer them for purchase in a public tender operation. On 30 March 2017, the Group announced it had accepted £245m nominal value of the bonds. On 20 May 2019 the Group exercised its right to call the bonds and accordingly redeemed the outstanding £39m nominal value of these step-up notes. No notes are outstanding.
The subordinated guaranteed notes were issued on 10 October 2014. The bonds have a nominal value of £400m and bear a fixed rate of 5.125% until; redemption on 10 October 2045. The Group has the option to repay the notes on specific dates from 10th October 2015. If notes are not repaid on that date, the rate of interest would be reset at a rate of 3.852% plus the appropriate five year benchmark gilt yield.
The bonds and notes are contractually subordinated to all other creditors of the Parent Company, such that in the event of a winding up, or bankruptcy, they are to be repaid only after the claims of all other creditors have been met.