FOR IMMEDIATE RELEASE
Announcement of RT1 roadshow with credit investors and update on Standard Life Assurance acquisition
Phoenix Group Holdings ("Phoenix") has mandated HSBC and NatWest Markets as Joint Structuring Co-ordinators and BofA Merrill Lynch, HSBC, J.P. Morgan Cazenove and NatWest Markets, as Joint Lead Managers to arrange a series of investor meetings in Europe and Asia commencing on Monday 16th April. A benchmark issue of USD perpetual non-call 10 year and / or GBP perpetual non-call 10-12 year Restricted Tier 1 ("RT1") write down notes in Reg S registered format will follow, subject to market conditions.
Phoenix expects the notes to be rated BBB- by Fitch.
Further to the announcement of the proposed acquisition of Standard Life Assurance on 23rd February 2018, Phoenix expects to publish a combined circular and prospectus on or around 4th May 2018 and the shareholder vote will follow at a general meeting to be held on 29th May 2018.
Enquiries
Debt Investors:
Rashmin Shah, Group Treasurer, Phoenix
+44 (0) 20 3735 0059
Equity Investors/Analysts:
Claire Hawkins, Head of Investor Relations, Phoenix
+44 (0) 20 3735 0575
Media:
Neil Bennett, Maitland
+44 (0) 20 7379 5151
Disclaimer
This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities.
The notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail client (as defined in MIFID II). Prospective investors are referred to the section headed "Prohibition on marketing and sales if notes to retail investors" in the Preliminary Prospectus for further information.
Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the notes are not available to retail investors.
Stabilisation: FCA/ICMA
