Debt investors

Key information about the Group for debt investors including a summary of our public credit ratings and documentation for outstanding bond issues.

Debt investor relations

If you require any further information, please contact the Group Treasury team:

Frank Turley, Group Treasurer
frank.turley@group.landg.com
T: +44 (0) 20 3124 2060

Susie Yeoh, Group Treasury Controller
Susie.yeoh@group.landg.com
T +44 (0) 20 3124 2073

Debt issuance programmes

We have a £5 billion Medium Term Note programme and a $2 billion Euro Commercial Paper programme.

Medium Term Note Programme (Prospectus dated 19 March 2020)

? ? ?-? ?Supplementary prospectus dated 22 April 2020

European Commercial Paper Information Memorandum (updated September 2015) (PDF 256KB)

Debt investor presentation

L&G Bond NetRoadshow June 2020

L&G Bond NetRoadshow April 2020

L&G Bond NetRoadshow November 2019

Legal and General H12019 Debt Investor Update

Legal & General FY2018 Debt Investor Update

Debt redemption profile

(GBP million - y axis)

The graph depicts the redemption profile of Legal & General’s outstanding debt and capital instruments which are greater than £100m. The maturity dates shown are the earliest of the first call date and maturity for each security. USD securities callable in 2027 and 2032 are shown in GBP equivalent at the time of issuance.

Outstanding bond issues

Issue date Issuer Rating (Moody's?/ S&P) Amount (million) Coupon (%) First call date Maturity date ISIN
Jul 2009 Legal & General
Group plc
A3?/ BBB+ 300 GBP 10.0 Jul 2021 Jul? 2041 XS0441379095
?
Oct 2015 Legal & General
Group plc
A3?/ BBB+ 600 GBP 5.375 Oct 2025 Oct 2045 XS1310962839
?
Mar 2017 Legal & General
Group plc
A3?/ BBB+ 850 USD 5.25 Mar 2027 Mar 2047 XS1580239207
?
Nov 2018 Legal & General
Group plc
A3 / BBB+ 400 GBP 5.125 Nov 2028 Nov 2048 XS1907317660
?
Nov 2019 Legal & General
Group plc
A3 / BBB+ 600 GBP 3.75 Nov 2029 Nov 2049 XS2083961370
?
Apr 2020 Legal & General Group plc A3 / BBB+ 500 GBP 4.50 Nov 2030 Nov 2050 XS2166022934
?

? ? ? ? ? ?Final Terms dated 29 April?2020
? ? ? ? ? ?Prospectus?dated 19 March 2020
? ? ? ? ? ?Supplementary Prospectus dated 22 April 2020??

Jun 2020 Legal & General Group plc Baa3 / BBB 500 GBP 5.625 ?Mar 2031 Perpetual XS2190956941
?

? ? ? ? ? ?RT1 offering memorandum (PDF 423.6KB)

Nov 2000 Legal & General
Finance plc
A2 / A 350 GBP 5.875 - Dec 2031 XS0121464779
?
Apr 2017 Legal & General
Group plc
A3 500 USD 5.55 Apr 2032 Apr 2052 XS1600847666
?
Apr 2002 Legal & General
Finance plc
A2 / A 200 GBP 5.875 - Apr 2033 XS0145680426
?
Jun 2014 Legal & General
Group plc
A3?/ BBB+ 600 GBP 5.5

Jun 2044

Jun 2064 XS1079028566
?

Credit ratings

Entity ? AM Best Fitch Moody's S&P
Legal & General Group Plc Outlook Stable Negative Stable Stable
? LT Issuer Credit a A+ A2 A
? ST Issuer Credit ? ? ? A-1
? Senior Unsecured Debt ? ? A2 ?
? Subordinated Debt ? BBB+ A3 ?
? Junior Subordinated Debt ? ? A3 BBB+?
Legal & General Assurance Society Ltd Outlook Stable Negative Stable Stable
? LT Issuer Credit Rating aa- ? Aa3 AA-
? Financial Strength A+ AA- Aa3 AA-
Legal & General Finance plc Outlook ? ? Stable ?
? Issuer Rating ? ? A2 ?
? LT Issuer Credit Rating ? ? A2 ?
? Senior Unsecured Debt ? A A2 ?A
? Short Term ? ? P-1 ?A-1
Banner Life Insurance Co Inc Outlook Stable Negative ? Stable
? LT Issuer Credit aa- AA- ? AA-
? Financial Strength A+ AA- ? AA-
William Penn Outlook Stable Negative ? Stable
? LT Issuer Credit aa- AA- ? AA-
? Financial Strength A+ AA-? ? AA-
Legal & General Reinsurance Bermuda Ltd Outlook ? Negative ? Stable
? LT Issuer Credit ? A+ ? A+
? Financial Strength ? A+ ? A+
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