15th Oct 2015 15:32
LONDON (Alliance News) - Sky PLC said that it has redeemed in full USD750 million of senior unsecured notes issued by Sky Group Finance PLC which matured Thursday.
The broadcaster said the notes were issued in 2005 with a coupon of 5.625%, and have been redeemed using available cash.
Sky said its overall pre-tax cost of debt is below 4% per year, with an average maturity across the bond portfolio of 7.1 years. It now has no further debt maturing until October 2017.
Shares in Sky closed up 0.5% at 1,074.00 pence Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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