18th Mar 2015 11:00
Old Mutual plc
Ref 200/15
18 March 2015
COMPLETION OF BOND issuance BY OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED (OMLAC(SA))
Following the successful completion of a bond auction, which took place on 16 March 2015, OMLAC(SA) has issued a mixture of floating rate and fixed instruments with several maturities through its existing local SA programme. Accordingly, the JSE Limited has granted a listing to OMLAC(SA) on the South African Interest Rate Market with effect from 19 March 2015 under its Unsecured Subordinated Callable Note Programme dated 4 September 2014.The details of the instruments are set out below
INSTRUMENT TYPE: FLOATING RATE NOTE CALLABLE
Authorised Programme Size R 10,000,000,000.00
Total Notes Outstanding R 4,000,000,000.00
Bond Code OML04
Nominal Issued R 537,000,000.00
Issue Price 100 %
Coupon 8.4080% (3 Month JIBAR as at 16 March 2015 of 6.108 % plus 230 bps)
Step-Up Basis 3 Month JIBAR plus an additional 115 bps
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 19 March 2025
Books Close 9 June, 9 September, 9 December, 9 March
Interest Payment Date(s) 19 June, 19 September, 19 December, 19 March
Last Day to Register By 17:00 on 8 June, 8 September, 8 December, 8 March
Issue Date 19 March 2015
Date Convention Following
Interest Commencement Date 19 March 2015
First Interest Payment Date 19 June 2015
Call / Step Up Date 19 March 2020
ISIN No. ZAG000124546
Additional Information Unsecured Subordinated Callable Notes
Applicable Pricing Supplement www.oldmutual.com
INSTRUMENT TYPE: FIXED RATE NOTE CALLABLE
Bond Code OML05
Nominal Issued R 425,000,000.00
Issue Price 100 %
Coupon 9.76%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 19 March 2025
Books Close 9 September, 9 March
Interest Payment Date(s) 19 September, 19 March
Last Day to Register By 17:00 on 8 September, 8 March
Issue Date 19 March 2015
Date Convention Following
Interest Commencement Date 19 March 2015
First Interest Payment Date 19 September 2015
Call / Step Up Date 19 March 2020
ISIN No. ZAG000124553
Additional Information Unsecured Subordinated Callable Notes
Applicable Pricing Supplement www.oldmutual.com
INSTRUMENT TYPE: FIXED RATE NOTE CALLABLE
Bond Code OML06
Nominal Issued R 409,000,000.00
Issue Price 100 %
Coupon 10.32%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 19 March 2027
Books Close 9 September, 9 March
Interest Payment Date(s) 19 September, 19 March
Last Day to Register By 17:00 on 8 September, 8 March
Issue Date 19 March 2015
Date Convention Following
Interest Commencement Date 19 March 2015
First Interest Payment Date 19 September 2015
Call / Step Up Date 19 March 2022
ISIN No. ZAG000124561
Additional Information Unsecured Subordinated Callable Notes
Applicable Pricing Supplement www.oldmutual.com
INSTRUMENT TYPE: FIXED RATE NOTE CALLABLE
Bond Code OML07
Nominal Issued R 690,000,000.00
Issue Price 100 %
Coupon 10.955%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 19 March 2030
Books Close 9 September, 9 March
Interest Payment Date(s) 19 September, 19 March
Last Day to Register By 17:00 on 8 September, 8 March
Issue Date 19 March 2015
Date Convention Following
Interest Commencement Date 19 March 2015
First Interest Payment Date 19 September 2015
Call / Step Up Date 19 March 2025
ISIN No. ZAG000124579
Additional Information Unsecured Subordinated Callable Notes
Applicable Pricing Supplement www.oldmutual.com
The notes will be immobilised in the Central Securities Depository ("CSD") and settlement will take place electronically in terms of JSE Rules.
Enquiries
External communications
Patrick Bowes UK +44 20 7002 7440
Investor relations
Dominic Lagan UK +44 20 7002 7190
Sizwe Ndlovu SA +27 11 217 1163
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
Related Shares:
Old Mutual PLC