British Telecommunications PLC, a flagship member of the FTSE-100.
It is by far the world’s most dynamic telecommunications corporation. It has a funding programme based on a bond issuance programme.
This attracts investors who are looking for an income, such as pension funds, income funds such as unit trusts and insurance companies.
http://www.btplc.com/Sharesandperformance/Fixedincome/index.htm
What is obvious to see, is BT’s debt reduction programme.
http://www.btplc.com/Sharesandperformance/Fixedincome/net-debt.jpg
The current outstanding debt that is maintained by BT is:-
UK Sterling: £2,600 Million
UK Sterling Index Linked: £250 Million
US Dollar: $5,670 = £3904 Million
Euro: €1,000 = £752 Million
That is:
(£2600 + £250 + £3904 + £752) Million = £7,506 Million
Fixed income investors are benefitting from lending money to the world’s most pioneering and market leading carrier.