Investors seek protection in BT bond sale

Friday 15 June 2007 at 14:58

BT has sold a £1.5bn (€2.2bn) bond with a clause that protects investors in the event that the phone group is taken over, the latest sign that the UK's biggest companies could be targeted by buyout firms.

The bond, which was the first BT has sold for more than six years, included a "change of control" clause to protect investors.