IN BRIEF: Phoenix Group completes half of deleveraging programme
20th Jun 2024 11:33
Phoenix Group Holdings PLC - London-based long-term savings and retirement products - Completes first phase of GBP500 million deleveraging programme by redeeming GBP250 million in tier 2 debt notes due 2029 to reduce debt by that amount. Phoenix also re-finances USD500 million in restricted tier 1 notes callable in early 2025 through a tender and issues USD500 million in RT1 notes at a coupon of 8.5%. Read More