We’re committed to our debt investors, so we work hard to:
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.
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%|
|abrdn plc||Baa2/BBB-||£210m||December 2021||December 2026||Perpetual||5.25%|
As the instruments are subordinated, the rights and claims of our policyholders will come before those of the institutions investing in them.
*In March 2019 abrdn plc conducted a tender offer and repurchased £408m of the £500m originally issued.
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abrdn plc is registered in Scotland (SC286832) at 1 George Street, Edinburgh, EH2 2LL