Debt Security Summary
The Group’s debt securities currently comprise £135m Subordinated Notes due 2030 which were first issued in 2005.
6.625% Subordinated Notes due 2030
| Nominal outstanding |
£135.0m |
| Call |
9 December 2020 |
| Maturity |
9 December 2030 |
| Credit ratings |
BB+ Fitch
BBB- AM Best |
| LSE Code: |
32 OW |
| SEDOL: |
B0SRM51 |
| Coupon: |
6.625% paid annually |
During 2009, the Group called and fully repaid its US$15m Floating Rate Unsecured Subordinated Loan Notes issued in June 2004.