Issue of Debt

19th Sep 2008 15:18



FIRSTGROUP PLC - ISSUE OF DEBT

19 September 2008

FirstGroup plc announces that it has today issued £300,000,000 8.125 per cent. bonds due 19 September 2018. 

As announced on 12 September 2008, the Group has arranged for the proceeds to be initially swapped into fixed-rate US dollars at 6.9%. The proceeds will be used to repay existing debt, specifically a further portion of the Laidlaw acquisition term loan maturing in 2010.

For further information, please contact:

Nick Chevis

Acting Group Finance Director

FirstGroup plc

Tel: 020 7291 0512

Rachael Borthwick

Group Corporate Communications Director

FirstGroup plc

Tel: 020 7291 0508

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