21st Jun 2013 10:15
21st June 2013
AVIVA TO MEET FIXED INCOME INVESTORS AHEAD OF POTENTIAL HYBRID CAPITAL ISSUE
Aviva plc ("Aviva") announces its intention to arrange a series of fixed income investor meetings with European Institutional Investors with a view to a potential hybrid capital issuance.
The Group has c£0.8bn* of hybrid capital with call dates over the next 10 months and the proceeds of any issuance will be used for general corporate and financing purposes. This is in-line with our plans to reduce the Group's tangible debt leverage ratio to below 40% in the medium term.
Enquiries:
Media
Nigel Prideaux +44 (0)20 7662 0215
Andrew Reid +44 (0)20 7662 3131
Analysts
Colin Simpson +44 (0)20 7662 8115
David Elliot +44 (0)20 7662 8048
Notes to editors:
·; \* The £0.8bn of hybrid becoming callable over the next 10 months comprises €650m in October 2013, £200m in March 2014 and €50m in April 2014.
·; Aviva provides 34 million customers with insurance, savings and investment products.
·; We are the UK's largest insurer and one of Europe's leading providers of life and general insurance.
·; We combine strong life insurance, general insurance and asset management businesses under one powerful brand.
·; We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work.
·; The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive
·; For broadcast-standard video, please visit http://www.aviva.com/media/video/.
·; Follow us on twitter: www.twitter.com/avivaplc
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