LEGAL & GENERAL GROUP 4.5%-FRN LT2 01/11/50LEGAL & GENERAL GROUP 4.5%-FRN LT2 01/11/50LEGAL & GENERAL GROUP 4.5%-FRN LT2 01/11/50

LEGAL & GENERAL GROUP 4.5%-FRN LT2 01/11/50

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Key facts


Issue date
May 1, 2020
Maturity date
Nov 1, 2050
Outstanding amount
‪500.00 M‬GBP
Face value
1,000.00GBP
Minimum denomination
100,000.00GBP
Coupon
4.50% (Variable)
Yield to maturity
5.37%
Legal & General Group Plc engages in the provision of risk, savings, and investment management products and services. It operates through the following segments: Legal and General Retirement Institutional (LGRI); Legal and General Capital (LGC); Legal and General Investment Management (LGIM); Retail Retirement; and Insurance. The LGRI segment is involved in pension risk transfer business including longevity insurance. The LGC segment includes shareholder assets invested in direct investments primarily in the areas of specialist commercial real estate, clean energy, housing, and SME finance, as well as traded and treasury assets. The LGIM segment offers institutional and retail investment management. The Retail Retirement segment provides retail annuity and drawdown products, workplace savings, and lifetime mortgage loans. The Insurance segment focuses on the United Kingdom protection and Fintech business, as well as the United States retail protection business. The company was founded on September 19, 1836 and is headquartered in London, the United Kingdom.
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