LONDON, May 6, 2003 (PRIMEZONE) -- COLT Telecom Group plc (COLT) (Nasdaq:COLT) (LSE:CTM), a leading European provider of business communication services, said today that it had purchased a further GBP38 Million of COLT bonds for a cash outlay of GBP26 Million.
The purchases were undertaken by COLT Telecom Finance Limited as set out below. COLT Telecom Finance Limited has no intention to sell the notes it has purchased and arrangements may be made in due course to cancel such notes.
COLT may purchase additional bonds in the future.
The following bonds have been purchased.
$25.0 Million accreted principal amount of our $314 Million 12% Senior Discount Notes due December 2006;
EUR1.9 Million accreted principal amount of our EUR306.8 Million 2% Senior Convertible Notes due August 2005;
EUR7.7 Million accreted principal amount of our EUR295 Million 2% Senior Convertible Notes due March 2006;
EUR4.8 Million accreted principal amount of our EUR368 Million 2% Senior Convertible Notes due December 2006; and
EUR17.4 Million accreted principal amount of our EUR402.5 Million 2% Senior Convertible Notes due April 2007.
In aggregate COLT has now purchased:
$108.9 Million accreted principal amount of our $314 Million 12% Senior Discount Notes due December 2006;
GBP11.8 Million face amount of our GBP50 Million 10.125% Senior Notes due November 2007;
EUR12.8 Million face amount of our EUR76.7 Million 8.875% Senior Notes due November 2007;
EUR56.4 Million face amount of our EUR306.8 Million 7.625% Senior Notes due July 2008;
EUR57.8 Million face amount of our EUR320 Million 7.625% Senior Notes due December 2009;
EUR18.6 Million accreted principal amount of our EUR306.8 Million 2% Senior Convertible Notes due August 2005;
EUR101.4 Million accreted principal amount of our EUR295 Million 2% Senior Convertible Notes due March 2006;
EUR96.0 Million accreted principal amount of our EUR368 Million 2% Senior Convertible Notes due December 2006; and
EUR119.4 Million accreted principal amount of our EUR402.5 Million 2% Senior Convertible Notes due April 2007.
This information is provided by RNS. The company news service from the London Stock Exchange.