Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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National Express (NEX)

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Thursday 07 January, 2010

National Express

Launch of seven year bond

RNS Number : 2177F
National Express Group PLC
07 January 2010

7 January 2010

National Express announces launch of seven year bond

National Express Group PLC ("National Express" or the "Group") has today successfully launched a £350 million seven year Sterling bond issue (the "Bond"). The Group expects the Bond to be issued on 13 January 2010 with an annual coupon of 6.25 per cent (subject to any step up in accordance with the terms of the Bond*) and a bullet repayment on 13 January 2017. The joint bookrunners for the issue are Barclays Capital, Commerzbank and RBS.

The proceeds from the issue of the Bond will be used to repay the Group's existing bank borrowings, with the Group's existing €270 million Euro facility maturing in March 2011 expected to be repaid in full. The Bond will extend the average maturity of the Group's remaining debt, reduce the Group's reliance on bank financing and diversify and strengthen the Group's overall funding structure.

Following the rights issue completed in December and this Bond issue, the Group will adjust its interest rate management arrangements. Certain of the Group's existing interest rate swaps (relating to hedging of the existing Euro denominated debt) will become ineffective and will be terminated, resulting in an exceptional expense and cash outflow of approximately £17.5 million.

Commenting, Jez Maiden, Group Finance Director, said:

"The successful launch of this bond marks a further step in delivering improvement at National Express. Over the past months, we have significantly reduced debt through a focus on cash generation, we have successfully completed a £360 million rights issue and we have now refinanced our maturing bank debt ahead of schedule. Leading bond investors have been strongly supportive of this debut bond issue."


National Express Group PLC

Jez Maiden, Group Finance Director  

020 7506 4324

Nicole Lander, Director of Communications  

012 1460 8401


Neil Bennett/George Hudson   

020 7379 5151

*The Bond is being issued subject to the Group obtaining two investment grade credit ratings prior to 13 January 2011. In the event that the Group does not obtain such ratings by this date, the coupon will step up by 1.25 per cent. thereafter. The Group has begun discussions with the major rating agencies to commence the rating process. There are no financial covenants contained in the Bond. 

This information is provided by RNS
The company news service from the London Stock Exchange

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