Last checked at 31 Mar 2015 10:30
RNS Number : 9763I
British Telecommunications PLC
31 March 2015
31 March 2015
BRITISH TELECOMMUNICATIONS PLC
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 £3,753,097,275 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 2014 of notional value £3,729,026,452. The bond maturity remains 2019. The new bond will be listed on the Channel Islands Stock Exchange on 31 March 2015. This is a process undertaken every year on or around 31 March.
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