Issue of Debt
March 31 2010 - 5:44AM
UK Regulatory
TIDM72NS
RNS Number : 5040J
British Telecommunications PLC
31 March 2010
BRITISH TELECOMMUNICATIONS PLC 31 March 2010
BT ISSUES BOND FOR INTERNAL FINANCING
British Telecommunications plc ("BT"), a wholly owned subsidiary of BT Group
plc, will today issue a bond with a notional value of GBP3,610,927,447 to a BT
group company. The bond issue is solely for internal financing and has no effect
on the net or gross debt position of the BT group or the listed parent company
BT Group plc.
The new bond replaces the bond issued in April 2009 of notional value
GBP3,570,912,195. The bond maturity remains 2019. The new bond will be listed on
the Channel Islands Stock Exchange on 31 March 2010.
Ends.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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