Issue of Debt (4353A)

TIDM72NS

RNS Number : 4353A

British Telecommunications PLC

30 March 2012

   BRITISH TELECOMMUNICATIONS PLC                                     30 March 2012

BT ISSUES BOND FOR INTERNAL FINANCING

British Telecommunications plc ("BT"), a wholly owned subsidiary of BT Group plc, will today issue a floating rate Eurobond due 2019 with a notional value of GBP3,677,134,364 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 March 2011 of notional value GBP3,640,560,630. The bond maturity remains 2019. The new bond will be listed on the Channel Islands Stock Exchange on 30 March 2012. This is a process undertaken every year on or around 31 March.

Ends.

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