British Telecommunications PLC
17 November 2000
NR 0094 November 17, 2000
STATEMENT FROM BRITISH TELECOMMUNICATIONS PLC
British Telecommunications plc today issued the following statement:
British Telecommunications plc, rated A2 (stable) / A (negative outlook), is
planning to launch a multi-billion multi-tranche SEC registered US dollar
global bond offering subject to market conditions. The company's intention is
to commence a roadshow in Europe beginning next week and continue in the US
the following week. The joint-bookrunners for the transaction are Merrill
Lynch & Co, Morgan Stanley Dean Witter and Salomon Smith Barney.
A copy of the prospectus relating to the offering may be obtained by
contacting Merrill Lynch & Co, 250 Vesey Street, New York, NY 10281,
212-449-4906; Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036,
212-761-2672; or Salomon Smith Barney, 390 Greenwich Street, New York, NY
10013, 212-723-6257.
This announcement does not constitute an offer to sell or the solicitation of
an offer to sell or the solicitation of an offer to buy securities. An
offering of these securities will be made only by means of a prospectus.
The prospectus shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
in which such an offer, would be unlawful to registration or qualification
under the securities laws of any state.
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Inquiries about this news release should be made to the BT group newsroom on
its 24 hour number: 020 7356 5369. From outside the UK dial +44 20 7356 5369.
All BT group news releases can be accessed at our web site:
http://www.bt.com/mediacentre
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