Aviva to raise subordinated debt

Aviva plc (“Aviva”) has mandated Barclays Capital, Goldman Sachs International, Lehman Brothers and Société Générale to act as joint bookrunners for a subordinated debt issue.

Aviva plc (“Aviva”) has mandated Barclays Capital, Goldman Sachs International, Lehman Brothers and Société Générale to act as joint bookrunners for a subordinated debt issue.

Aviva plc (“Aviva”) has mandated Barclays Capital, Goldman Sachs International, Lehman Brothers and Société Générale to act as joint bookrunners for a subordinated debt issue.

The transaction will be targeted at investors in the Sterling and Euro markets with an overall target of around Ł1.2 billion, and will be launched subject to market conditions following a roadshow in the UK and Continental Europe.

Mike Biggs, Aviva’s Group Finance Director, said: “This cost effective long-term core capital will support future growth and enhance further the Group’s capital position.”

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Media:
Hayley Stimpson, Director of External Affairs
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Alex Child-Villiers, Financial Dynamics
+44 (0)20 7269 7107