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:

Christopher Wright, Group Treasurer
christopher.wright@landg.com

Monika Remenyi, Head of Funding and DCM
monika.remenyi@group.landg.com

Debt issuance programmes

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

Debt redemption profile

(GBP million - y axis)

Debt redemption profile

Debt redemption profile

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Original

Original

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
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
 
Jun 2020 Legal & General Group plc Baa2 / BBB 500 GBP 5.625  Mar 2031 Perpetual XS2190956941
 
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 rating

Entity   AM Best Fitch Moody's S&P
Legal & General Group Plc Outlook Stable Stable Stable Stable
  LT Issuer Credit Rating a A+ A2 A
  ST Issuer Credit       A-1
  Senior Unsecured Debt     A2  A
  Subordinated Debt     A3  
  Junior Subordinated Debt       BBB+ 
Legal and General Assurance Society Limited Outlook Stable Stable Stable Stable
  LT Issuer Credit Rating aa-   Aa3 AA-
  Financial Strength A+ AA- Aa3 AA-
LT Issuer Credit Rating (Foreign Currency) AA-
Financial Strength (Foreign Currency) AA-
Legal & General Finance PLC Outlook     Stable  
  LT Issuer Credit Rating     A2  
  Senior Unsecured Debt     A2  A
  Short Term     P-1  A-1
Banner Life Insurance Company Outlook Stable Stable   Stable
  LT Issuer Credit aa-     AA-
  Financial Strength A+ AA-   AA-
William Penn Life Insurance Company of New York Outlook Stable Stable   Stable
  LT Issuer Credit aa-     AA-
  Financial Strength A+ AA-    AA-
Legal & General Reinsurance Company Limited Outlook   Stable   Stable
  Financial Strength   AA-   AA-
Legal & General Reinsurance Company No.2 Limited Outlook Stable
LT Issuer Credit a
Financial Strength A