Loading...

/News/RNS

Issue of Debt

RNS Announcement

RNS Number : 3474Q

Ecclesiastical Insurance Office PLC

25 February 2021

Ecclesiastical Insurance Office plc

Ecclesiastical Insurance Office plc, the specialist financial services group, today announces that it has raised €30,000,000 in nominal amount of Tier 2 Capital by way of a privately-placed issue of 20-year subordinated bonds, callable after Year 10. The rate of interest until the call date is fixed at 6.3144%. Application will be made to list the bonds on the International Stock Exchange, Guernsey.

The proceeds will be used to enhance the Group's capital base to enable it to take advantage of profitable growth opportunities across the markets in which it operates.

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IODDKPBPCBKKNBB

RNS metadata

Title: Issue of Debt
Time: 10:00:04
Date: 25 Feb 2021
Category: Capital structure
ID: 3474Q