trending Market Intelligence /marketintelligence/en/news-insights/trending/5KoOi6eDTwY42MFKSPBxhA2 content esgSubNav
In This List

Just Group completes £300M bond issuance

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Just Group completes £300M bond issuance

Just Group PLC has completed the issuance of £300 million of perpetual bonds with a first call date in April 2024.

The restricted Tier 1 bonds carry an annual interest rate of 9.375% that is payable semiannually.

Just Group on March 14 raised gross proceeds of approximately £75 million from a share issue after the placement priced at 80 pence per share. The group is looking to strengthen its balance sheet in response to the U.K. Prudential Regulation Authority's proposed changes to rules for so-called lifetime mortgages.