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HANSON'S 400 MILLION POUNDS LONG TERM ISSUE

 HANSON'S 400 MILLION POUNDS LONG TERM ISSUE
 LONDON, July 6 /PRNewswire/ -- Hanson PLC (NYSE: HAN) announced


today that it has reopened its existing 10 per cent 2006 bond by issuing a further 400 million pounds, taking the total outstanding issue to 500 million pounds. The all-in cost, including underwriting fees, is 10.174 percent on a semi-annual basis. The bought deal has been led by BZW, with CSFB as co-lead. Co-managers are County Natwest, Midland Montague and UBS Phillips & Drew.
 Derek Bonham, chief executive of Hanson PLC, stated, "We are delighted to have issued a further 400 million pounds 2006 10 percent bond, providing a liquid market for long term Hanson investors. This issue follows our two recent 500 million pounds bond issues, one a convertible and one for five years, and continues our policy of diversifying our funding sources and strengthening our balance sheet through the provision of long term fixed rate funding. The proceeds of the 400 million pounds from this issue will be used to refinance short term bank debt."
 -0- 7/6/92
 /CONTACT: Robert M. Brier of Hanson Industries, 212-826-0098/
 (HAN) CO: Hanson PLC ST: New York IN: SU:


SM -- NY055 -- 6728 07/06/92 16:15 EDT
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Publication:PR Newswire
Date:Jul 6, 1992
Words:203
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