11th Sep 2015 13:00
Old Mutual plc
Ref 627/15
11 September 2015
OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED - ISSUE OF
NEW FINANCIAL INSTRUMENTS
Old Mutual plc (the Company) announces that the JSE Limited has granted listings on the local Interest Rate Market with effect from 14 September 2015 of new series of financial instruments issued by the Company's subsidiary, Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA), under OMLACSA's Unsecured Subordinated Callable Note Programme dated 4 September 2014. Further details of the new issues are as follows:
Stock Code: OML08
ISIN Code: ZAG000129628
Stock Code: OML09
ISIN Code: ZAG000129636
Stock Code: OML10
ISIN Code: ZAG000129644
INSTRUMENT TYPE: FLOATING RATE NOTE CALLABLE
Authorised Programme Size R 10,000,000,000
Total Notes Outstanding R 6,061,000,000
Bond Code OML08
Nominal Issued R1,288,000,000
Issue Price 100%
Coupon 8.55% (3 Month JIBAR as at 9 September 2015 of 6.30%
plus 225bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 14 September 2025
Books Close 4 December, 4 March, 4 June, 4 September
Interest Payment Dates 14 December, 14 March, 14 June, 14 September
Last Day to Register By 17:00 on 3 December, 3 March, 3 June, 3 September
Issue Date 14 September 2015
Date Convention Following
Interest Commencement Date 14 September 2015
First Interest Payment Date 14 December 2015
Call / Step Up Date 14 September 2020
ISIN No. ZAG000129628
Additional Information Unsecured Subordinate Callable Notes
Applicable Pricing Supplement www.oldmutual.com
INSTRUMENT TYPE: FIXED RATE NOTE CALLABLE
Bond Code OML09
Nominal Issued R568,000,000
Issue Price 100 %
Coupon 10.90%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 14 September 2027
Books Close 4 March, 4 September
Interest Payment Dates 14 March, 14 September
Last Day to Register By 17:00 on 3 March, 3 September
Issue Date 14 September 2015
Date Convention Following
Interest Commencement Date 14 September 2015
First Interest Payment Date 14 March 2016
Call / Step Up Date 14 September 2022
ISIN No. ZAG000129636
Additional Information Unsecured Subordinate Callable Notes
Applicable Pricing Supplement www.oldmutual.com
INSTRUMENT TYPE: FIXED RATE NOTE CALLABLE
Bond Code OML10
Nominal Issued R623,000,000
Issue Price 100 %
Coupon 11.35%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 14 September 2030
Books Close 4 March, 4 September
Interest Payment Dates 14 March, 14 September
Last Day to Register By 17:00 on 3 March, 3 September
Issue Date 14 September 2015
Date Convention Following
Interest Commencement Date 14 September 2015
First Interest Payment Date 14 March 2016
Call / Step Up Date 14 September 2025
ISIN No. ZAG000129644
Additional Information Unsecured Subordinate 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