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Prospect News home > News index > List of issuers B > Headlines for British Energy Holdings plc > News item
Published on 9/28/2005 in the Prospect News High Yield Daily.

British Energy solicits consents for 7% guaranteed bonds

By Jennifer Chiou

New York, Sept. 28 - British Energy Holdings plc said it is soliciting consents for its £700 million of 7% guaranteed bonds due 2005 to 2022.

Bondholders who opt to consent to the changes must do so before 11 a.m. ET on Oct. 20. Those who give consent by 11 a.m. ET on Oct. 14 will receive £1.00 per £1,000 principal amount of bonds.

The offer is subject to the proposals' approval.

The wholly owned subsidiary of British Energy Group plc will hold a bondholders' meeting on Oct. 24 for those who give their consents to present its proposed amendments to the bonds' terms and conditions.

Citigroup Global Markets Ltd. is the consent coordinator (44 20 7986 8969).

Based in East Kilbride, Scotland, British Energy is a nuclear power generator.


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