COLT Telecom Group (COLT), a leading European provider of business communication services, said today that it had purchased a further £38 Million of COLT bonds for a cash outlay of £26 Million.
The purchases were undertaken by COLT Telecom Finance Limited as set out below. COLT Telecom Finance Limited has no intention to sell the notes it has purchased and arrangements may be made in due course to cancel such notes.
COLT may purchase additional bonds in the future.
The following bonds have been purchased.
$25.0 Million accreted principal amount of our $314 Million 12% Senior Discount Notes due December 2006;
€1.9 Million accreted principal amount of our €306.8 Million 2% Senior Convertible Notes due August 2005;
€7.7 Million accreted principal amount of our €295 Million 2% Senior Convertible Notes due March 2006;
€4.8 Million accreted principal amount of our €368 Million 2% Senior Convertible Notes due December 2006; and
€17.4 Million accreted principal amount of our €402.5 Million 2% Senior Convertible Notes due April 2007.
In aggregate COLT has now purchased:
$108.9 Million accreted principal amount of our $314 Million 12% Senior Discount Notes due December 2006;
£11.8 Million face amount of our £50 Million 10.125% Senior Notes due November 2007;
€12.8 Million face amount of our €76.7 Million 8.875% Senior Notes due November 2007;
€56.4 Million face amount of our €306.8 Million 7.625% Senior Notes due July 2008;
€57.8 Million face amount of our €320 Million 7.625% Senior Notes due December 2009;
€18.6 Million accreted principal amount of our €306.8 Million 2% Senior Convertible Notes due August 2005;
€101.4 Million accreted principal amount of our €295 Million 2% Senior Convertible Notes due March 2006;
€96.0 Million accreted principal amount of our €368 Million 2% Senior Convertible Notes due December 2006; and
€119.4 Million accreted principal amount of our €402.5 Million 2% Senior Convertible Notes due April 2007.
