Aviva raises $400m
Aviva, the FTSE 100 insurance giant, is to raise $400m in capital securities.
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".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares in Aviva were down 1.45% in early trading.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Which UK region has the most in savings? Average savings by area
The amount people have in their savings differs from region to region in the UK. How does your nest egg compare to those living nearby?
-
Doug and Mary Perkins: Specsavers’ clear-sighted founders
Helped by the deregulation of the sector in the 1980s and brilliant advertising, Mary Perkins and her husband Doug have taken Specsavers to the top of the optometry market