Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group Plc has announced the Maximum Acceptance Amount for its tender offer to purchase its £600 million Fixed Rate Reset Subordinated Notes due 2045. The company has set the Maximum Acceptance Amount at £600 million, aligning with the issuance of new sterling-denominated Tier 2 notes. This move is part of Legal & General’s strategic financial management, potentially impacting its capital structure and offering liquidity options for noteholders.
More about Legal & General
Legal & General Group Plc is a prominent financial services company based in the United Kingdom, primarily engaged in providing insurance, savings, and investment management services. The company focuses on the UK market and has a strong presence in the life insurance and pension sectors.
YTD Price Performance: 5.70%
Average Trading Volume: 18,203,545
Technical Sentiment Signal: Strong Sell
Current Market Cap: £14.13B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.