Slaughter and May advised Bupa Finance plc on the transaction.
Bupa Finance plc issued £300,000,000 1.75 per cent. Fixed Rate Notes due 2027 (the “Senior Notes”) and £350,000,000 4.125 per cent. Fixed Rate Subordinated Notes due 2035 (the “Tier 2 Notes”).
The Senior Notes are guaranteed by The British United Provident Association Limited. The Tier 2 Notes constitute a Tier 2 qualifying regulatory capital instrument under Solvency II. Each of the Senior Notes and the Tier 2 Notes will be admitted to trading on the regulated market of the London Stock Exchange.
The Slaughter and May’s team included Oliver Storey (Picture), Partner, Kevin Howes, Associate, Zahra Haji, Associate and William Brown, Trainee.
Law Firms: Slaughter and May;
Clients: Bupa Finance plc;