Notice of Early Redemption (including Record Date and Payment Date) of Admirals Group Tier 2 Subordinated Bonds

Admirals Group AS announced it will redeem early its subordinated bonds (ISIN EE3300001999) originally issued on 5 Feb 2021 and later on 31 May 2021. The release provides no redemption price, timing, yield impact, or guidance implications, so expected effects are limited to bondholders rather than equity markets.

Analysis

Admirals Group AS announced it will redeem early its subordinated bonds (ISIN EE3300001999) originally issued on 5 Feb 2021 and later on 31 May 2021. The release provides no redemption price, timing, yield impact, or guidance implications, so expected effects are limited to bondholders rather than equity markets.