By Maximilian Clarke

Aviva plc (LSE: AV; NYSE:AV) today (Friday) announced that it has priced a public offering of $400 million of 8.25% Capital Securities, or Notes, due 2041 in the US market.

The Notes pay interest quarterly and have a maturity of December 1, 2041. The Company intends to use the net proceeds from the offering for general corporate purposes and expects that such proceeds will be counted towards its regulatory capital resources. The managers have been granted a 30-day option to purchase up to an additional $60 million aggregate principal amount of Capital Securities to cover over-allotments, if any.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co LLC and Wells Fargo Securities, LLC served as joint book-running managers for the offering.

The Notes are being offered pursuant to an effective shelf registration statement that has been filed with the US Securities and Exchange Commission (SEC). Any offer, or solicitation to buy, if at all, will be made solely by means of a prospectus supplement and accompanying prospectus filed with the SEC.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


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