Bond Interest Rate Adjustment

RNS Number : 8880W

Taylor Wimpey PLC

05 August 2009

 



Taylor Wimpey plc (the 'Company')

Interest rate adjustments in respect of the
£250,000,000 11.175% Bonds due 2012 (ISIN: XS0142298685) (the '2012 Bonds')
and the £200,000,000 10.925% Bonds due 2019 (ISIN: XS0193226965)
(the '2019 Bonds')

Following the completion on 1 June 2009 of the placing and open offer announced by the Company on 8 May 2009, and in accordance with the terms and conditions of the 2012 Bonds and the 2019 Bonds (as set out in the relevant Supplemental Trust Deeds), the rate of interest applicable to the 2012 Bonds and the 2019 Bonds, respectively, will be adjusted with effect from and including 6 August 2009.

In the case of the 2012 Bonds, the rate of interest will be decreased from 11.175% per annum to 8.675% per annum.  In the case of the 2019 Bonds, the rate of interest will be decreased from 10.925% per annum to 8.425% per annum.

-ends-

For further information please contact:

Taylor Wimpey plc         Pete Redfern, Group Chief Executive	Tel: [phone]
Chris Rickard, Group Finance Director Jonathan Drake, Investor Relations
Finsbury	Tel: [phone]
Faeth Birch  Clare Strange

 

END

 

 

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