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    PRU   GB0007099541

PRUDENTIAL PLC

(PRU)
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Prudential to Redeem $2.25 Billion of Bonds

10/22/2021 | 03:02am EST

By Jaime Llinares Taboada

Prudential PLC said Friday that it intends to redeem $2.25 billion of high coupon bonds, reducing interest costs by around $125 million per year.

The U.K. insurer earlier this month completed a $2.4 billion equity fundraising in Hong Kong.

"Prudential also continues to monitor the market for other opportunities to further reduce its interest costs by raising new debt to refinance higher coupon existing debt," the FTSE 100 company said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-22-21 0502ET

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Analyst Recommendations on PRUDENTIAL PLC
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Financials
Sales 2021 20 434 M 27 174 M 27 174 M
Net income 2021 366 M 487 M 487 M
Net Debt 2021 - - -
P/E ratio 2021 -66,1x
Yield 2021 1,00%
Capitalization 34 722 M 46 213 M 46 175 M
Capi. / Sales 2021 1,70x
Capi. / Sales 2022 1,41x
Nbr of Employees 16 226
Free-Float 99,6%
Chart PRUDENTIAL PLC
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Technical analysis trends PRUDENTIAL PLC
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 1 270,50 GBX
Average target price 1 652,99 GBX
Spread / Average Target 30,1%
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
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