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Sky to offer 10-year bonds

Tuesday 29th of August 2006
The bonds will have an annually re-settable interest rate with a fixed margin. The interest rate for the first year will be a minimum of 8.0%.

The company is looking to raise up to $200 million. "The proposed bond issue will provide Sky with long-term funding to repay the capital notes and retire some bank debt," Sky chief executive John Fellet says.

The proposed offer will consist of a p...

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