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IN BRIEF: Phoenix starts tender offer for £428 million in notes

ALN

Phoenix Group Holdings PLC - London-based life insurance provider - Launches tender offer to holders of its £428.1 million in 6.625% notes due in 2025, as well as a tender offer for its $500.0 million in notes due 2031. Says deadline for tenders is Monday next week. The maximum amount of the tender is still to be determined. Phoenix also will issue new sterling fixed rate reset tier 2 notes.

Current stock price: 476.50 pence, down 0.1%

12-month change: down 21%

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