SKY Sky

TIDMSKY

RNS Number : 4433C

Sky PLC

15 October 2015

Sky redeems US$750m 5.625% bonds on maturity

Sky announces today that it has redeemed in full the US$750m Senior Unsecured Notes issued by Sky Group Finance plc which matured today (the "Notes"). The Notes, which were issued in 2005 with a coupon of 5.625%, have been redeemed using available cash. The bond redemption today is consistent with the financing plans set out for the acquisition of Sky Deutschland and Sky Italia in 2014.

Sky's overall pre-tax cost of debt is below 4% per annum with an average maturity across the bond portfolio of 7.1 years. Sky now has no further debt maturing until October 2017.

Sky's credit ratings with Standard & Poor's and Moody's are BBB (stable) and Baa2 (stable) respectively.

For more information:

Analysts/ Investors:

   Edward Steel      Tel: 020 7032 2093 

Email: investor-relations@sky.uk

Media:

   Eleanor Mills        Tel: 020 7032 6615 

Email: Skypress@sky.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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October 15, 2015 11:28 ET (15:28 GMT)

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