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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sky | LSE:SKY | London | Ordinary Share | GB0001411924 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,727.50 | 1,727.00 | 1,727.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSKY
RNS Number : 1065F
Sky PLC
09 November 2015
Sky prices EUR500 million 10 year fixed rate bond
Sky plc announces today that it has successfully priced EUR500 million of Euro denominated bonds to be issued under its GBP5,000,000,000 Global Medium Term Note Programme (the "Bonds"). The net proceeds from the issue of the Bonds are expected to be used to refinance existing bond maturities and/or for general corporate purposes.
The Bonds (due to be issued on 17 November 2015) have a coupon of 2.25%, and are due 2025.
After swapping into fixed rate sterling, and after all professional, advisory, rating agency & legal fees, the company expects the blended pre-tax cost of the Bonds to be 4.0% per annum.
Following this deal, Sky's overall pre-tax cost of debt will be below 4% per annum with an average maturity across the total bond portfolio of 7.5 years.
Sky's credit ratings with Standard & Poor's and Moody's are BBB (stable) and Baa2 (stable), respectively.
Address of Issuer:
Sky plc
Grant Way
Isleworth
Middlesex TW7 5QD
Analyst/Investor Enquiries:
Tanya Richards +44 20 7032 3019
Ed Steel +44 20 7032 2093
Press Enquiries:
Robin Tozer +44 20 7032 0620
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRBDBCXGBGUC
(END) Dow Jones Newswires
November 09, 2015 12:42 ET (17:42 GMT)
1 Year Sky Chart |
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