Bond interest rate adjustment

RNS Number : 5486L

Taylor Wimpey PLC

07 May 2010

 



Taylor Wimpey plc

Interest rate adjustments in respect of the

£250,000,000 Variable Rate Bonds due 2012 

(ISIN: XS0142298685) (the "2012 Bonds")

and the

£200,000,000 Variable Rate Bonds due 2019 

(ISIN: XS0193226965)(the "2019 Bonds")

Following the issue of a Margin Certificate to the Trustees 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 10 May 2010 (being the business day following the date of receipt by the Trustee of the relevant Margin Certificate).

In the case of the 2012 Bonds, the rate of interest will be decreased from 8.675% per annum to 8.175% per annum.

In the case of the 2019 Bonds, the rate of interest will be decreased from 8.425% per annum to 7.925% per annum.

-ends-

For further information please contact:

Taylor Wimpey plc                         Tel: [phone]

Pete Redfern, Group Chief Executive

Chris Rickard, Group Finance Director

Jonathan Drake, Investor Relations

Finsbury                                  Tel: [phone]

Faeth Birch

Clare Hunt

 

END

 

 

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