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Legal & General Group PLC - London-based insurer and asset manager - Invites bond holders to tender their notes for repurchase by the company. L&G’s tender offer is for five sets of notes. These are $850.0 million in fixed-rate subordinated notes due 2047, £375.0 million 5.875% notes due 2031, £200.0 million in 5.875% notes due 2033, £40.0 million in fixed-rate notes also due in 2033, and £10.0 million in fixed rate notes due 2041. The maximum acceptance amount for the tender offer will be £200.0 million. The US dollar notes will be repurchased at 100.55% of face, while the sterling notes will be repurchased at a spread of 25 basis points over a set of benchmark UK government bonds, or a spread of 60 points in the case of the 2041 notes. L&G also will pay accrued interest. All the repurchased debt notes will be cancelled. Current stock price: 287.60 pence, up 1.2% in London on Tuesday 12-month change: up 13% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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