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Intended recipients

This section of the site is only directed to, and should only be accessed by, investment professionals (within the meaning of The Financial Services and Markets Act 2000 (Financial Promotions) Order 2005) in the United Kingdom) (“ Investment Professionals ”).

The information contained in this section of the site is directed at persons having professional experience in matters relating to investments. Any investment or investment activity to which such information relates will be available only to such persons and the Bupa Group will not engage with any other persons in connection therewith.

Persons who do not have professional experience in matters relating to investments should not rely on the contents of any information contained in this section of the site.

The distribution of the information or material on this section of the site may be restricted by local law or regulation. Without limitation to the foregoing, this section of the site should only be accessed by persons who are not so restricted.

No offer or solicitation and no liability

Each document contained in this section of the site is only current as at its date. Each document is provided subject to the limitations and disclaimers contained therein.

Access to the information through this section of the site is provided for informational and reference purposes only. In particular, nothing contained in this section of the site shall constitute:

  • any offer of sale;
  • any solicitation of any offer of sale; or
  • any representation, undertaking or warranty,

in respect of any securities in any way.

To the extent legally permitted, and save as otherwise agreed, the Bupa Group shall not be liable to any person in any way for any damages or loss whatsoever arising out of the use of any information contained in this section of the site.

The information contained in this site is intended to be read in conjunction with, and not as a substitute for, the Bupa Group’s most recent financial statements. In the event of any inconsistency, the Bupa Group’s most recent financial statements shall be considered to prevail.

Debt maturity


Debt maturity graph

Bonds

Credit ratings

Fitch Fitch Fitch Moody's Moody's Moody's
Long term Short term Outlook Long term Short term Outlook
£500m 5.00% subordinated (Tier 2) Notes due 2023 BBB- - Stable Baa1 (hyb) - Stable
£300m 2.00% senior Notes due 2024 BBB+ - Stable A3 - Stable
£400m 5.00% subordinated (Tier 2) Notes due 2026 BBB- - Stable Baa1 (hyb) - Stable
£300m 1.750% senior Notes due 2027 BBB+ - Stable A3 - Stable
£350m 4.125% subordinated (Tier2) Notes due 2035 BBB- - Stable Baa1 (hyb) - Stable
£300m 4.000% subordinated(RT1) perpetual Notes BB+ - Stable Baa3 (hyb) - Stable

Bank borrowings

The Group's principal bank facility is a £900m committed facility which expires in December 2026, which includes two, one-year extension options which could result in a final maturity in December 2027 or 2028. Other bank facilities may be put in place from time to time as required by the business.

Other credit ratings

Fitch Fitch Fitch Moody's Moody's Moody's
Long term Short term Outlook Long term Short term Outlook

Bupa Finance PLC
Issuer default rating

A-

F2

Stable

-

-

-

Bupa Insurance Limited

Issuer default rating

A

-

Stable

-

-

-
Issuer financial strength A+ - Stable A1 - Stable