Bond Issue

RNS Number : 1875T

BAE SYSTEMS PLC

02 June 2009

 



BAE Systems - Bond Issue

                                2 June 2009

BAE Systems plc today announced a private placement of guaranteed notes (the 'Notes') to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the 'Securities Act'), and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act, to raise net proceeds of approximately $1.5 billion. The Notes will be issued by BAE Systems Holdings Inc. and will be guaranteed by BAE Systems plc. The Notes to be issued consist of U.S.$500 million aggregate principal amount of Notes paying 4.95% interest and maturing on June 1st , 2014 and U.S.$1 billion aggregate principal amount of Notes paying 6.375% interest and maturing on  June 1st, 2019.  The net proceeds of the offering will be used for general corporate purposes.  The offering is expected to close on or about  June 4th, 2009.

The Notes and the related guarantees (together, the 'Securities') will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Securities. Any offer of the Securities will be made only by means of a private offering memorandum.

Issued by:

BAE Systems plc

London

 

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