22 November 2012 FIRSTGROUP PLC £325 MILLION STERLING BOND ISSUE FirstGroup plc ("The Group") is pleased to announce the successful launch of £ 325 million of 10 year bonds. The bond has an annual coupon of 5.25%. The proceeds of this issue will be used to repay existing bank debt. Commenting on the bond issue, Chris Surch, Group Finance Director, said: "We are delighted by the successful launch of the Group's sixth bond issue, which attracted orders from over 100 investors and was significantly oversubscribed. This continued strong support from fixed-income investors demonstrates the fundamental long term strengths of the Group. This bond issue represents further progress of our debt financing strategy to reduce reliance on bank debt and extend our debt maturity profile." The issue is expected to close on 29th November 2012. Further information, FirstGroup plc: Chris Surch, Group Finance Director, Tel: 0207 291 0512 Ian Weldon, Group Treasurer, Tel: 01224 562121 Investor and Media contact, FirstGroup plc: Rachael Borthwick, Group Corporate Communications Director, Tel: 020 7291 0508 / 0512 END -0- Nov/22/2012 16:44 GMT
FIRSTGROUP PLC: Issue of Debt
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