BAE Systems PLC

Capital/Financing Update • Dec 4, 2015

National Storage Mechanism | Additional information

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RNS Number : 9795H

BAE SYSTEMS PLC

04 December 2015

BAE Systems plc - Bond Issue

4 December 2015

BAE Systems plc announces a private placement of guaranteed notes (the "Notes") to  qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. The Notes will be issued by BAE Systems Holdings Inc. and guaranteed by BAE Systems plc. The Notes to be issued consist of U.S.$500 million aggregate principal amount of Notes paying 2.850% interest and  maturing on 15 December 2020, U.S.$750 million aggregate principal amount of Notes paying 3.850% interest and  maturing on 15 December 2025 and U.S.$250 million aggregate principal amount of Notes paying 4.750% interest and maturing on 7 October 2044. The net proceeds of the offering will be used for general corporate purposes, including repayment of indebtedness. The offering is expected to close on or about 10 December 2015.

The Notes and the related guarantees (together, the "Securities") will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Securities. Any offer of the Securities will be made only by means of a private offering memorandum.

Issued by:

BAE Systems

London

This information is provided by RNS

The company news service from the London Stock Exchange

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