31st Mar 2015 09:56
LONDON (Alliance News) - BT Group PLC subsidiary British Telecommunications PLC said Tuesday it will issue a floating rate Eurobond due 2019 with a notional value of GBP3.75 billion, which it said is solely for internal financing and has no effect on it or BT's net or gross debt position.
The bond replaces a bond issued last March with a notional value of GBP3.23 billion.
Shares in BT Group are trading down 1.2% at 442.90 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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