Direct Line successfully completes capital management exercises

Retrieved on: 2017-12-07 21:07:30

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Direct Line successfully completes capital management exercises. View article details on hiswai:

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<div>StockMarketWire.com - <b>Direct Line Insurance</b> Group has confirmed the successful issue of £350m of Perpetual NC10 Restricted Tier 1 ("RT1") notes with a coupon of 4.75%. The proceeds have been used by the Company to fund the tender of half the Group's £500m 30NC10 9.25% Tier 2 debt.</div>

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