Aviva preserves debt capital with new T2

By Tyler Davies
27 May 2020

Aviva was set to raise £500m of tier two capital on Wednesday, fuelling speculation that the UK insurer would be looking to call one of its outstanding perpetual bonds.

The firm opened books on a 35 year non-call 15 tier two in the sterling market, with Barclays, Citi, HSBC and Lloyds running the books.

It said that it was looking to use the proceeds from the debt for the “general business and commercial activities of the ...

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