16th Nov 2005 14:26
Slough Estates PLC16 November 2005 RNS Announcement Slough Estates plc has today launched a new benchmark issue of GBP250,000,0005.625 per cent Notes due 2020 and a further GBP100,000,000 of its existing 5.75per cent Notes due 2035. The 2020 notes are priced at 99.186 per cent at a spread of 133 basis pointsover the yield of the 8 per cent Gilt due 2021 and will be issued on 7 December2005. The 2035 notes are issued at a price of 99.897 per cent at a spread of 152 basispoints over the yield of the 4.25 per cent Gilt due 2036 and will be issued on14 December 2005. Proceeds of the issues will be used to re-finance existing bank borrowings andfor general corporate purposes. It is expected that both issues will be rated A-(stable) by Fitch. The joint bookrunners are Barclays Capital and The Royal Bank of Scotland. Contact: Slough Estates: Trevor Mant - Group Treasurer01753-213389 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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