ITV PLC ITV plc announces Eur500 million Euro Bond issue (1130Q)
November 24 2016 - 10:10AM
UK Regulatory
TIDMITV
RNS Number : 1130Q
ITV PLC
24 November 2016
24 November 2016
ITV plc announces EUR500 million Euro Bond issue
ITV plc ("ITV") today announced that it has issued a 7 year
EUR500 million Euro Bond at a fixed coupon of 2.0%. The bond will
be swapped back to sterling, with an effective fixed interest rate
of around 3.5%. It is expected the issue will close and settle on 1
December 2016 and will mature on 1 December 2023.
The proceeds of the bond are for general corporate purposes
including the repayment of the GBP161 million Sterling bond which
matures in January 2017 and the payment of the first tranche of the
Talpa Media earnout in 2017.
Ian Griffiths, Group Finance Director of ITV, said:
"We are pleased to have secured finance over the medium term at
attractive rates. This is in line with our policy of running an
efficient balance sheet and maintaining the flexibility to invest
in the business for further growth."
For further enquiries please contact:
Treasury
Jonathan Logan Tel: +44 20 7157 6576 or +44 7766 465 405
Investor Relations
Pippa Foulds Tel: +44 20 7157 6555 or +44 7778 031 097
Media Relations
Mary Fagan Tel: +44 20 7157 3965 or +44 7736 786 448
Mike Large Tel: +44 20 7157 3021 or +44 7768 261 528
This information is provided by RNS
The company news service from the London Stock Exchange
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