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SKY Sky

1,727.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Sky PLC Sky prices EUR500 million 10 year fixed rate bond (1065F)

09/11/2015 5:42pm

UK Regulatory


Sky (LSE:SKY)
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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)

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