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Phoenix Group Holdings PLC - London-based long-term savings and retirement products - Completes first phase of £500 million deleveraging programme by redeeming £250 million in tier 2 debt notes due 2029 to reduce debt by that amount. Phoenix also re-finances $500 million in restricted tier 1 notes callable in early 2025 through a tender and issues $500 million in RT1 notes at a coupon of 8.5%. Current stock price: 488.29 pence 12-month change: down 10% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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