British Sky Broad. BSY Bond Issue

  British Sky Broad. (BSY) - Bond Issue

RNS Number : 5112R
British Sky Broadcasting Group PLC
20 November 2012






NOT FOR DISTRIBUTION IN OR  INTO OR TO ANY PERSON  LOCATED OR RESIDENT IN  THE 
UNITED STATES, ITS  TERRITORIES AND  POSSESSIONS (INCLUDING  PUERTO RICO,  THE 
U.S. VIRGIN  ISLANDS,  GUAM, AMERICAN  SAMOA,  WAKE ISLAND  AND  THE  NORTHERN 
MARIANA ISLANDS), ANY STATE OF THE  UNITED STATES OR THE DISTRICT OF  COLUMBIA 
OR TO ANY U.S. PERSON.



Bond Issue



British  Sky  Broadcasting  Group  plc  (the  "Issuer")  announces  a  private 
placement  with   institutional  investors   to   raise  gross   proceeds   of 
approximately U.S.$ 796,528,000  from the  issuance of  guaranteed notes  (the 
"Notes"). The Notes will  be issued by  the Issuer and  will be guaranteed  by 
British Sky Broadcasting Limited,  BSkyB Finance UK  plc, Sky In-Home  Service 
Limited and Sky Subscribers Services Limited.  The Notes to be issued  consist 
of U.S.$  800,000,000  aggregate principal  amount  of Notes  paying  3.125  % 
interest and  maturing  on 26  November  2022. It  is  expected that  the  net 
proceeds of the offering will be used for general corporate purposes, for  the 
refinancing of existing  debt and/or  to extend  the maturity  profile of  the 
Issuer's group debt. In addition, the net proceeds of the offering may be used
for acquisitions  of  businesses and/or  assets  in support  of  the  Issuer's 
strategy. The offering is expected to close on or about 26 November 2012.



The securities referred to in  this document have not  been, and will not  be, 
registered under the U.S.  Securities Act of 1933  (the "Securities Act"),  or 
under the securities legislation  of any state of  the United States, and  may 
not be  offered or  sold  in the  United States,  other  than pursuant  to  an 
exemption  from,  or  in  a  transaction  not  subject  to,  the  registration 
requirements of the Securities  Act. The Issuer does  not presently intend  to 
make a public  offer of securities  in the  United States or  to register  any 
securities under the Securities Act.



This news release does not constitute an offer to sell or the solicitation  of 
an offer to buy the Notes. Any offer  of the Notes will be made only by  means 
of a  private  offering memorandum,  by  way  of listing  particulars.  It  is 
intended that listing  particulars in  respect of  the Notes  will shortly  be 
filed with the UK Listing Authority and  will be made available to the  public 
in printed form at the registered office of the Issuer (as set out below),  at 
the offices in London of  each of the initial purchasers  of the Notes and  at 
the offices of the paying agent in London.



Two copies of the listing particulars will shortly be filed with the Financial
Services Authority and the listing particulars will thereafter be viewable  on 
the website  of the  National Storage  Mechanism operated  by the  UK  Listing 
Authority.



Stabilisation/FSA



Address of Issuer

British Sky Broadcasting Group plc

Grant Way

Isleworth

Middlesex TW7 5QD



Enquiries:

Analysts/Investors:

Tanya Richards 020 7032 3019

Simon Morley 020 7032 4205

Francesca Pierce 020 7032 3337



Press:

Alice Macandrew 020 7705 3000



END



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IODGGGRPGUPPPWB -0- Nov/20/2012 07:01 GMT
 
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