31 Mar 2010 10:44
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 £3,610,927,447 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 £3,570,912,195. The bond maturity remains 2019. The new bond will be listed on the Channel Islands Stock Exchange on 31 March 2010.
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