Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Issue of Capital Securities

30th May 2007 08:24

Aberdeen Asset Management PLC30 May 2007 Aberdeen Asset Management PLC Issue of Perpetual Subordinated Capital Securities Aberdeen Asset Management PLC ("Aberdeen") is pleased to announce that it hasissued USD 400,000,000 in perpetual subordinated capital securities (the"Securities"). The net proceeds of USD 389,000,000 will be used to repayshort-term bank debt and for general corporate purposes. The Securities have no maturity date. Aberdeen has an option to redeem the Securities in May 2012 or on any coupon date thereafter. The Securities carry a fixed interest rate of 7.90% per annum. The Securities are expected to be treated as innovative Tier One and Upper Tier Two capital up to the relevant limits for regulatory purposes. For further information, please contact: Maitland 020 7379 5151 Neil Bennett This information is provided by RNS The company news service from the London Stock Exchange

Related Shares:

ADN.L
FTSE 100 Latest
Value8,585.01
Change0.00