BT sells bonds worth 3.07 bn dlr
BT Group Plc, the UK's largest phone company, sold the equivalent of 1.56 billion pounds ($3.07 billion) of bonds in pounds and euros.
By Agencies |
LONDON: BT Group Plc, the UK's largest phone company, sold the equivalent of 1.56 billion pounds ($3.07 billion) of bonds in pounds and euros, according to a banker managing the sale who declined to be named.
The sale by London-based BT was in three parts and is the company's first debt issue in more than six years, according to data compiled by Bloomberg.
Barclays Capital, Deutsche Bank AG and Royal Bank of Scotland Group Plc managed the sale of the bonds for BT.
Moody's Investors Service rates BT at Baa1, its eighth-highest investment-grade ranking. Standard & Poor's and Fitch Ratings both grade the company an equivalent BBB+.
The sale by London-based BT was in three parts and is the company's first debt issue in more than six years, according to data compiled by Bloomberg.
Barclays Capital, Deutsche Bank AG and Royal Bank of Scotland Group Plc managed the sale of the bonds for BT.
Moody's Investors Service rates BT at Baa1, its eighth-highest investment-grade ranking. Standard & Poor's and Fitch Ratings both grade the company an equivalent BBB+.
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