SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October, 2019
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
1 Angel Court, London,
England, EC2R 7AG
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F X
Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in connection with Rule 12g3-2(b): 82-
NEWS RELEASE
18 October 2019
Substitution of M&G plc as the issuer of certain
securities
As scheduled and in connection with the proposed demerger of
M&G plc ("M&G") from Prudential plc ("Prudential"), with
effect from 18 October 2019, M&G has been substituted in place
of Prudential as principal debtor in respect of the following
securities and their connected coupons:
USD 500,000,000 6.500 per cent. notes due 2048 (ISIN -
XS1888930150);
£500,000,000 6.250 per cent. notes due 2068 (ISIN -
XS1888925747);
£750,000,000 5.625 per cent. notes due 2051 (ISIN -
XS1888920276);
£300,000,000 3.875 per cent. notes due 2049 (ISIN -
XS2025521886);
£600,000,000 5.56 per cent. notes due 2055 (ISIN -
XS1243995302); and
£700,000,000 6.34 per cent. notes due 2063 (ISIN -
XS1003373047).
The nominal amount (translated, where applicable, into pounds
sterling at the exchange rate prevailing as at 30 June 2019 of
1.2727) of this Tier 2 subordinated debt is £3,243
million.
It is expected that the demerger will be completed and that
M&G's shares will be admitted to trading on the London Stock
Exchange's main market for listed securities by no later than
8.00am (UK time) on 21 October 2019.
Enquiries:
Treasury
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Investors/Analysts
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Simon Rich
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+ 44 (0) 20 3977 9419
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Patrick Bowes
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+44 (0)20 3977 9702
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William Elderkin
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+44 (0)20 3977 9215
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Media
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Jonathan Oliver
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+44 (0)20 3977 9500
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Tom Willetts
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+44 (0)20 3977 9760
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About Prudential plc
Prudential plc and its affiliated companies constitute one of the
world's leading financial services groups, serving 26 million
customers, with £717 billion of assets under management (as at
30 June 2019). Prudential plc is incorporated in England and Wales
and is listed on stock exchanges in London, Hong Kong, Singapore
and New York.
Additional information
Prudential plc is not affiliated in any manner with Prudential
Financial Inc., a company whose principal place of business is in
the United States of America.
Disclaimer
This announcement does not constitute an offer of securities for
sale or a solicitation of an offer to purchase securities in any
jurisdiction nor shall it (or any part of it) or the fact of its
distribution, form the basis of, or be relied on in connection
with, any contract therefor.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: 18 October 2019
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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By: /s/ Mark FitzPatrick
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Mark
FitzPatrick
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Group
Chief Financial Officer and Chief Operating Officer
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