£125,000,000 7.625% Subordinated Notes Due 16 February 2010
(ISIN: XS0108194407) (the “2010 Dated Subordinated Notes”) Issued By Bradford & Bingley Plc (The “Company”)
Reference is made to The Bradford & Bingley plc Transfer of Securities and Property etc Order 2008, as amended by The Bradford & Bingley plc Transfer of Securities and Property etc. (Amendment) Order 2009.
The Company has resolved:
not to make any interest payment in respect of the 2010 Dated Subordinated Notes on their next interest payment date (16 February 2010); and
not to pay any principal (by way of Final Redemption Amount, as specified in their Terms and Conditions) in respect of the 2010 Dated Subordinated Notes on their maturity date (16 February 2010). The 2010 Dated Subordinated Notes shall continue to bear interest calculated at the same rate and in the same manner as previously.
The Company will notify noteholders accordingly.
ENDS
Contacts:
Bradford & Bingley Press Office:
+44(0)1274 554 042
or
Bradford & Bingley Investor Relations:
+44(0)1274 806341
Bradford & Bingley plc
Croft Road
Crossflatts
Bingley
BD16 2UA
or
b&benquiries@bbg.co.uk
www.bbg.co.uk