The Group's financial position has been recognised by Fitch Ratings who assigned investment grade ratings for the Group’s senior and subordinated debt.

Credit ratings assigned to the Group's companies

Rating type Entities Fitch rating Outlook
Insurer Financial Strength Ratings Phoenix Life Limited
Phoenix Life Assurance Limited
Standard Life Assurance Limited
ReAssure Limited		 AA- Stable
Long-Term Issuer Default Rating Standard Life plc A+ Stable

Subordinated debt - Issuer: Standard Life plc

Issuer Nominal Coupon Issued Call Option/Optional Redemption Date Maturity date Fitch rating ISIN Bondholder documentation
Standard Life plc $500m 8.50% 12/06/2024

From 12/12/29
to 12/06/2030
(First reset date)

 Perpetual BBB+ XS2828830153

rt1-usd-tscs-2024
Standard Life plc £350m 7.750% 06/12/2023

From 06/06/33
to 06/12/33
(First reset date)

 06/12/2053 BBB+ XS2726389427

final-terms-of-the-notes-dated-dec-2023
Standard Life plc $350m 4.750% 04/06/2020

From 04/06/26
to 04/09/26
(First reset date)

 04/09/2031 BBB+ XS2182954797

final-terms-fixed-rate-reset-tier-2-notes-due-2031
Standard Life plc £500m 5.625% 28/04/2020

From 28/01/31
to 28/04/31
(Maturity date)

 28/04/2031 BBB+ XS2166106448

final-terms-500000000-tier-2-notes-due-2031
Standard Life plc £500m 5.867% 13/06/2019 N/A 13/06/2029 BBB+ XS2012046665

terms-and-conditions-per-cent-tier-2-subordinated-notes-due-2029
Standard Life plc £250m 4.016% 13/06/2019 N/A 13/06/2026 A- XS2012048281

terms-and-conditions-per-cent-tier-3-subordinated-notes-due-2026
Standard Life plc €500m 4.375% 24/09/2018 N/A 24/01/2029 BBB+ XS1881005117

substitution-duke-terms-and-conditions
substitution-duke-final-terms
Standard Life plc £500m 5.75% 26/04/2018

26/04/2028
(First call/reset date)

 Perpetual BBB+ XS1802140894

500-million-pound-fixed-rate-reset-perpetual-restricted-tier-1-contingent-convertible-notes
rt1-amended-and-restated-trust-deed-01-11-2020
Standard Life plc $500m 5.375% 06/07/2017 N/A 06/07/2027 BBB+ XS1639849204

substitution-hayabusa-amended-terms-and-conditions
substitution-hayabusa-amended-final-terms

Standard Life plc

For the latest documentation on our Euro Medium Term Note Programme and Bond Issuance.

Phoenix Group Holdings

Currently no public debt outstanding

Euro Medium Term Note Programme updates

Supplementary Prospectus - 24 August 2018

Euro Medium Term Note Programme Prospectus - 18 April 2018

Supplementary Prospectus - 13 September 2017

Supplementary Prospectus - 22 June 2017

Euro Medium Term Note Programme Prospectus – 30 March 2017

Euro Medium Term Note Programme Prospectus – 21 December 2016

 

PGH Capital Plc

Currently no public debt outstanding

Supplementary prospectus - 15 August 2019

Euro Medium Term Note Programme Prospectus - 24 June 2019

Supplementary prospectus - 24 August 2018

Euro Medium Term Note Programme Prospectus - 18 April 2018

Euro Medium Term Note Programme Prospectus – 30 March 2017

Supplementary prospectus - 13 September 2017

Supplementary prospectus - 22 June 2017