Aviva, the FTSE 100 insurance giant, is to raise $400m in capital securities.
The securities, which have already been filed with the US Securities and Exchange Commission, will pay 8.25% and are due for repayment in 2041.
Aviva says it will use the money for "general corporate purposes" and that "proceeds will be counted towards its regulatory capital resources".
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Shares in Aviva were down 1.45% in early trading.
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