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Sky redeems USD 750 million of bonds

Monday 19 October 2015 | 08:37 CET | News
Sky has redeemed in full the USD 750 million senior unsecured notes issued by Sky Group Finance which matured on 15 October. The notes, which were issued in 2005 with a coupon of 5.625 percent, have been redeemed using available cash. Sky said the bond redemption is consistent with the financing plans set out for the acquisition of Sky Deutschland and Sky Italia in 2014. The company's overall pre-tax cost of debt is below 4 percent per annum with an average maturity across the bond portfolio of 7.1 years. Sky now has no further debt maturing until October 2017.

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Categories: Broadcast & Satellite
Companies: Sky
Countries: United Kingdom
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