1st Oct 2014 06:31
LONDON (Alliance News) - BAE Systems PLC Wednesday said its US unit it has privately placed USD1.2 billion of guaranteed notes with institutional investors, and it will use the funds to repay some debts and for general corporate purposes.
In a statement, the company said its US unit, BAE Systems Holdings Inc, issued the notes, and the parent company is guarantor. The notes consist of USD800 million of notes paying 3.800% interest and maturing on October 7, 2024, and USD300 million of notes paying 4.750% interest and maturing in October 7, 2044.
By Steve McGrath; [email protected]; @stevemcgrath1
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