By Carol Chan

HONG KONG--Prudential Plc (2378.HK) is planning a U.S. dollar-denominated tier 2 perpetual bond offering, according to a mandate announcement seen Wednesday by The Wall Street Journal.

The British multinational life insurance and financial services company has hired BNP Paribas, Citi, Credit Suisse, HSBC, Morgan Stanley, Standard Chartered Bank and UBS as arrangers to handle the bond sale, the document said.

Prudential plans to meet bond investors in Asia from May 26, the document said.

No other details of the bond sale were provided.

Write to Carol Chan at carol.chan@wsj.com

(END) Dow Jones Newswires

May 24, 2016 23:07 ET (03:07 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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