BT bond issue for internal finance
April 07 2009 - 5:35AM
UK Regulatory
TIDM72NS
RNS Number : 2626Q
British Telecommunications PLC
07 April 2009
BRITISH TELECOMMUNICATIONS PLC7 April 2009
BT ANNOUNCES BOND ISSUE FOR INTERNAL FINANCE
British Telecommunications plc ("BT") today announced that it will be issuing a
bond to a BT group company. The bond issue provides additional long term
internal finance replacing short term internal funding. The bond listing has no
effect on the net and gross debt position of the BT group.
The new bond replaces the bond issued in July 2008 of notional
value GBP3,404,520,695, the new notional value is GBP3,570,912,195. The bond
maturity remains 2019. The new bond will be listed on the Channel Islands Stock
Exchange on 7 April 2009.
Ends.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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