1st Nov 2016 07:00
November 1, 2016
Aviva plc to redeem 8.25% US Capital Securities due December 1, 2041
Aviva plc (NYSE: AV; LON: AV) wishes to announce that notification has been given to the holders of its 8.25% capital securities due December 1, 2041 (ISIN: US05382A2033, CUSIP: 05382A203) (the "US Capital Securities") that it shall redeem the US Capital Securities in full on December 1, 2016 (the "Redemption Date"). On the Redemption Date, a redemption price of 100% of the principal amount of the US Capital Securities, or $25 per each $25 US Capital Security, plus accrued and unpaid interest from, and including, September 1, 2016, to, but excluding, the Redemption Date, will be payable by Aviva plc. As of November 1, 2016, $400 million aggregate principal amount of the US Capital Securities were outstanding.
Registered holders of the US Capital Securities should refer to the notice of redemption delivered to them by Law Debenture Trust Company of New York, the trustee and paying agent with respect to the US Capital Securities.
The US Capital Securities are held only in book-entry form through The Depository Trust Company ("DTC") for the accounts of its participants, including Clearstream Banking, société anonyme, and Euroclear Bank S.A./N.V. DTC will redeem the US Capital Securities in accordance with its procedures, and will credit interest payments accruing from, and including, September 1, 2016, based on DTC participant holdings of the US Capital Securities on the close of business on the business day immediately preceding the Redemption Date. Holders of the US Capital Securities need not take any action to receive payment of the redemption price.
Contacts:
Investor contacts:
Chris Esson +44 (0)20 7662 8115
Media contacts:
Andrew Reid +44 (0)20 7662 3131
Sarah Swailes +44 (0)20 7662 6700
Aviva plcSt Helen's, 1 UndershaftLondon EC3P 3DQ
Registered in EnglandNumber 2468686
This information is provided by RNS. The company news service from the London Stock Exchange
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