1st Oct 2018 15:44
LONDON (Alliance News) - Standard Life Aberdeen PLC on Monday offered to purchase two of its securities for cash.
The investor has issued tender offers for both its outstanding 6.75% fixed rate perpetual reset subordinated guaranteed bonds and its 6.546% mutual assurance capital securities.
The expiration deadline for the offers is October 18. Standard Life Aberdeen did not provide a specific price for the securities, but said each tender offer price "will be determined by the company in accordance with market convention", and will be accompanied by an additional accrued interest payment.
Shares in Standard Life Aberdeen were down 0.4% at 304.60 pence on Monday.
Related Shares:
SLA.L