New Issue - British Telecom adds $750 mln in two parts

Wed Mar 19, 2008 10:13pm GMT
[-] Text [+]
  March 19 (Reuters) - British Telecommunications Plc on
Wednesday adds $750 million of senior notes in two parts, said
market sources.
  Barclays Capital, Citigroup Global Markets Inc, Deutsche
Bank Securities Inc, HSBC Securities and RBS Greenwich Capital
were the joint lead managers for the sale.
BORROWER: BRITISH TELECOMMUNICATIONS PLC                 
FIRST TRANCHE:
AMT $250 MLN     COUPON 5.15 PCT     MATURITY 1/15/2013   
TYPE SR NOTES    ISS PRICE 98.438    FIRST PAY 7/15/2008  
MOODY'S Baa1     YIELD 5.521 PCT     SETTLEMENT 3/27/2008 
S&P BBB-PLUS     SPREAD 320 BPS      PAY FREQ SEMI-ANNUAL 
FITCH BBB-PLUS    MORE THAN TREAS    NON-CALLABLE         
SECOND TRANCHE:
AMT $500 MLN     COUPON 5.95 PCT     MATURITY 1/15/2013   
TYPE SR NOTES    ISS PRICE 96.50     FIRST PAY 7/15/2008  
MOODY'S Baa1     YIELD 6.434 PCT     SETTLEMENT 3/27/2008 
S&P BBB-PLUS     SPREAD 310 BPS      PAY FREQ SEMI-ANNUAL 
FITCH BBB-PLUS    MORE THAN TREAS    NON-CALLABLE         


 
 
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