Prudential updates $10 billion note program with new prospectus

Published 02/05/2025, 14:18
Prudential updates $10 billion note program with new prospectus

LONDON - Prudential (LON:PRU) plc, a leading life and health insurance provider with asset management services, announced the approval of a Supplementary Prospectus related to its $10 billion Medium Term Note Programme. The Financial Conduct Authority approved the document on May 2, 2025, supplementing the initial prospectus dated March 28, 2025.

The Supplementary Prospectus pertains to the extensive note program of Prudential plc and its subsidiary, Prudential Funding (Asia) plc, which is guaranteed by Prudential plc. The program allows the companies to issue notes up to the value of $10 billion in a flexible manner over time.

Prudential plc operates across 24 markets in Asia and Africa, focusing on providing financial and health solutions that are simple and accessible. The company is not affiliated with Prudential Financial (NYSE:PRU), Inc. of the United States or The Prudential Assurance Company Limited, a subsidiary of M&G plc in the United Kingdom (TADAWUL:4280).

The company has a significant presence on various stock exchanges, holding dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (LON:LSEG) (PRU). Additional listings include the Singapore Stock Exchange (K6S) and the New York Stock Exchange (PUK) in the form of American Depositary Receipts. Furthermore, Prudential is a constituent of the Hang Seng Composite Index and participates in both the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect programs.

The update to the note program is not an offer of securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration requirements. The Supplementary Prospectus is targeted at specific countries mentioned within the document and is not intended for use by persons outside these jurisdictions.

The newly published Supplementary Prospectus is available for viewing online and will soon be accessible through the National Storage Mechanism, a repository for regulatory filings of listed companies in the UK.

This news is based on a press release statement and is intended for informational purposes only, providing an update on Prudential’s financial instruments and market presence.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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