Phoenix Group Announces Early Redemption of Convertible Notes

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The latest update is out from Phoenix Group Holdings ( (GB:PHNX) ).

Phoenix Group Holdings PLC announced the early redemption of its U.S.$750 million Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes, of which U.S.$250 million are outstanding. The redemption will occur on February 4, 2025, at their principal amount with accrued interest, unless certain conditions are not met, in which case the redemption will be suspended.

More about Phoenix Group Holdings

Average Trading Volume: 2,315,969

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £5.09B

Learn more about PHNX stock on TipRanks’ Stock Analysis page.

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