Slaughter & May Advises Prudential PLC on Capital Raising – Corporate Legal News – Slaughter and May advised Prudential plc on an initial lower tier two capital raising and on its subsequent re-financing by the issue of GBP 400,000,000 11.375 per cent. Fixed/Floating Rate Lower Tier Two Notes due May 2039 (the “Notes”) under its GBP 5 billion Medium Term Note Programme. The Notes which were issued on 29 May 2009 are intended to qualify as lower tier two capital for regulatory capital purposes.

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