25 Feb 2022

Prudential wins Asia-Pacific Secondary Equity Issue Award

Prudential plc has won International Financing Review’s (IFR) Asia-Pacific Secondary Equity Issue Award for its international placing and Hong Kong public offer. The offer raised approximately HK$18.5 billion or US$2.4 billion on the Hong Kong Stock Exchange in October 2021.

IFR is a leading source of fixed income, capital markets and investment banking news, analysis and commentary.

On announcing the award, IFR highlighted that Prudential “set a precedent for Hong Kong retail investors to participate in a share placement and reinforced the city’s status as a major international financial centre”. 

IFR also described the issuance as “a unique offering structure with a Hong Kong public offer and preferential offering to employees and agents in the city.” The offering structure aimed to “maximise the allocation to Asian investors and increase its Hong Kong counter’s liquidity.”

Mike Wells, Group Chief Executive of Prudential plc, said “I’m incredibly proud that we have won this award. The team pioneered a unique structure to meet our strategic objectives, and this award is testament to that.  

“The equity raise was the next step in our development as a business focused entirely on Asia and Africa. It enhanced our financial flexibility in light of the immense opportunities ahead of us as a business positioned in high growth markets. A big thank you to our employees and advisors who worked exceptionally hard to help us structure and successfully execute this important transaction.”

Notes to Editors

Media   Investors/Analysts  
Simon Kutner +44 (0)7581 023260 Patrick Bowes +44 (0)20 3977 9702
Ping Ping Tan +65 9845 8904 William Elderkin +44 (0)20 3977 9215

About Prudential plc
Prudential plc provides life and health insurance and asset management in Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 17 million life customers and is listed on stock exchanges in London (PRU), Hong Kong (2378), Singapore (K6S) and New York (PUK). Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
https://www.prudentialplc.com/
 

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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For M&G and Prudential UK customers and policyholders:

In October 2019, Prudential plc separated its UK operations and, as a result of this separation, Prudential UK is now owned by M&G plc. The M&G plc group is a separate, independent group and as such we are not able to help any M&G or Prudential UK customers or policyholders.

Therefore, to find the best way to make contact, please visit www.pru.co.uk/contact-us

For further information on the M&G plc group, please visit the M&G website: www.mandgplc.com