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LONDON - Legal & General Group Plc announced Wednesday it will redeem £101.6 million in outstanding Fixed Rate Reset Subordinated Notes due 2045 on October 27, 2025, according to a press release statement.
The redemption follows the company’s successful tender offer completed on April 3, 2025, when Legal & General repurchased and cancelled £498.4 million of the notes, representing the majority of the original £600 million issuance.
The remaining notes will be redeemed at their Optional Redemption Amount, together with all accrued but unpaid interest. Following this redemption, no notes from this issuance will remain outstanding.
Legal & General stated that the listing of the notes on the Official List of the Financial Conduct Authority and their admission to trading on the Main Market of the London Stock Exchange will be cancelled on or shortly after the October 27 redemption date.
The notes, which carry the ISIN code XS1310962839, were originally issued on October 22, 2015, with terms outlined in the Final Terms dated the same day.
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