£200m bond issue set to be settled on 25 July
The £200m bond issue announced by Admiral earlier this month has been priced at an interest rate of 5.5%.
The bonds are expected to be issued on 25 July and will come due in July 2024.
Chief executive Henry Engelhardt said: “I’m delighted at the successful investor uptake of our inaugural bond offering and pleased to welcome debt investors to Admiral.”
Bank of America Merrill Lynch acted as sole structuring advisor and sole bookrunner for the issue.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
No comments yet