We’re committed to our debt investors, so we work hard to:

  • Consider your needs
  • Make our communications clear and concise
  • Respond quickly and thoroughly
  • Price fairly, for debt investors and for abrdn.

Credit ratings

abrdn plc

  • Issuer Credit Rating A- / Stable from Standard & Poor’s
  • Issuer Rating A3 / Stable from Moody’s.

For more information, visit the Standard & Poor’s and Moody’s websites.

All information contained in Moody's Global Credit Research Reports is the copyright of Moody's Investors Service Inc. All information contained in Standard & Poor's Research Reports is the copyright of Standard & Poor's, a division of the McGraw-Hill Companies.

abrdn accepts no responsibility for the information contained in any of the reports. The information is provided for general information purposes only and not endorsed or promoted by abrdn in any way.

Subordinated capital instruments

We benefit from a strong capital position, and our subordinated debt is an important component of this. Our capital management strategy is to maximise shareholder value by optimising the level and mix of capital resources.

Issuance of subordinated capital instruments is a common capital-raising practice. abrdn plc and its subsidiaries have in issue the instruments shown below:

Issuer Instrument rating Outstanding amount Issue Date First Call Date Maturity Coupon
abrdn plc Baa1/ BBB £92m* December 2012 December 2022 December 2042 5.5%
abrdn plc Baa1/ BBB+ $750m October 2017 Not applicable June 2028 4.25%

As the instruments are subordinated, the rights and claims of our policyholders will come before those of the institutions investing in them.

 

Subordinated instruments documentation

Issuer Launch Date Size Historical Prospectus
abrdn plc December 2012 £92m* Drawdown Prospectus (409KB)
Final Terms – (86KB)
abrdn plc October 2017 $750m $750m Notes, Terms and Conditions (438kb)

*In March 2019 abrdn plc conducted a tender offer and repurchased £408m of the £500m originally issued.