British Telecommunications eyes notes in two parts via 14 bookrunners

By Devika Patel

Knoxville, Tenn., Nov. 29 – British Telecommunications plc intends to sell dollar-denominated fixed-rate senior notes in two tranches, according to a 424B2 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., MUFG, SMBC Nikko Securities America Inc., BNP Paribas Securities Corp., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Lloyds Securities Inc., Mizuho Securities USA Inc., NatWest Markets Securities Inc., Santander Investment Securities Inc., SEB and SG Americas Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

British Telecommunications is a London-based internet and phone services company.

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