Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Prudential plc
  6. News
  7. Summary
    PRU   GB0007099541

PRUDENTIAL PLC

(PRU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Prudential : eyes $2.41 billion raising in Hong Kong share sale - sources

09/24/2021 | 08:59pm EDT
FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London

HONG KONG (Reuters) - Prudential is seeking to raise $2.41 billion by pricing its stock at HK$143.8 each in its Hong Kong share sale, according to two sources with direct knowledge of the matter.

The sources could not be named as the information had not yet been made public.

Prudential did not immediately reply to a request for comment outside of business hours.

Prudential sold 130.8 million shares, or 5% of its issued share capital in the deal, which was the first follow-on share placement to be open to Hong Kong retail investors.

The price guidance given to investors represented a 3% discount to the stock's closing price in London on Friday.

Prudential, the diversified insurance group, said it planned to use most of the funds raised to pay down high-coupon debt within six months.

It said it would use the remaining funds to add to its cash balance.

($1 = 7.7854 Hong Kong dollars)

(Reporting by Scott Murdoch; Editing by Sam Holmes)

By Scott Murdoch


ę Reuters 2021
All news about PRUDENTIAL PLC
08:43aPrudential celebrates the opening of its Africa Regional Headquarters in Nairobi
PU
12:37aPrudential to Issue $1 Billion of 2.95% Bonds Due 2033
MT
10/27Prudential plc Announces Successful Pricing of USD 1,000,000,000 2.95% Subordinated Not..
CI
10/27Hedge fund Third Point buys stake in Shell, urges breakup
RE
10/27Prudential Prices Subordinated Notes Offering Due 2033
MT
10/25PRUDENTIAL : Asks Banks To Arrange Fixed Income Investor Calls
MT
10/24PRUDENTIAL : Fixed income investor engagement and potential benchmark transaction and refi..
PU
10/22PRUDENTIAL : Plans Redemption of High Coupon Bonds
MT
10/22PRUDENTIAL : to Redeem $2.25 Billion in Notes, Securities
MT
10/22GENERAL ANNOUNCEMENT : :Redemption of certain high coupon debt and monitoring of refinanci..
PU
More news
Analyst Recommendations on PRUDENTIAL PLC
More recommendations
Financials
Sales 2021 21 172 M 29 188 M 29 188 M
Net income 2021 3,11 M 4,28 M 4,28 M
Net Debt 2021 - - -
P/E ratio 2021 -77,8x
Yield 2021 0,85%
Capitalization 40 598 M 56 052 M 55 968 M
Capi. / Sales 2021 1,92x
Capi. / Sales 2022 1,60x
Nbr of Employees 16 226
Free-Float 99,6%
Chart PRUDENTIAL PLC
Duration : Period :
Prudential plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PRUDENTIAL PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 1 491,50 GBX
Average target price 1 644,45 GBX
Spread / Average Target 10,3%
EPS Revisions
Managers and Directors
Michael Andrew Wells Group Chief Executive Officer & Executive Director
Mark Thomas FitzPatrick Group COO, CFO & Executive Director
Shriti Vinodkant Vadera Chairman
Stuart James Turner Executive Director & Chief Compliance Officer
Philip John Remnant Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
PRUDENTIAL PLC10.73%55 965
AXA25.10%67 548
METLIFE, INC.36.93%55 090
PRUDENTIAL FINANCIAL, INC.43.15%43 229
MANULIFE FINANCIAL CORPORATION8.74%38 755
AFLAC INCORPORATED25.93%37 562