FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            Report of Foreign Issuer

  

                    Pursuant to Rule 13a - 16 or 15d - 16 of

                      the Securities Exchange Act of 1934

  

                    For the month of October 2005
                             14 October, 2005
  

  
                       BRITISH SKY BROADCASTING GROUP PLC
                              (Name of Registrant)

  

                Grant Way, Isleworth, Middlesex, TW7 5QD England
                    (Address of principal executive offices)

  

Indicate by check mark whether the registrant  files or will file annual reports
under cover of Form 20-F or Form 40-F
  

                    Form 20-F X            Form 40-F

  

Indicate by check mark whether the  registrant  by  furnishing  the  information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
  

                    Yes                    No X 

  

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not Applicable

  

                                 EXHIBIT INDEX


                                    Exhibit

  
EXHIBIT NO.1    Press release of British Sky  Broadcasting  Group plc
                announcing Bond Issue released on 
                14 October, 2005


                                  





                                                            14th October 2005


                                Bond Issue

British Sky  Broadcasting  Group plc today  announced a private  placement  with
institutional  investors to raise net proceeds of approximately GBP1,013 million
from the issuance of guaranteed notes (the "Notes"). The Notes will be issued by
BSkyB Finance UK plc and will be guaranteed  by British Sky  Broadcasting  Group
plc, British Sky Broadcasting  Limited and Sky Subscribers Services Limited. The
Notes to be issued consist of (i) US $750 million aggregate  principal amount of
Notes  paying  5.625%  interest and  maturing on 15 October  2015,  (ii) US $350
million aggregate  principal amount of Notes paying 6.500% interest and maturing
on 15 October 2035 and (iii) GBP400 million aggregate  principal amount of Notes
paying 5.750%  interest and maturing on 20 October 2017. It is expected that the
net proceeds of the offering will be used for general  corporate  purposes,  for
the  refinancing  of  maturing  debt and to extend the  maturity  profile of the
group's  debt.  In addition,  the group may use the proceeds of the offering for
acquisitions of businesses  and/or assets in support of its strategy,  including
in relation to content, technology and distribution. The offering is expected to
close on or about 20 October 2005.

The Notes and the guarantees  appertaining thereto will not be and have not been
registered under the US Securities Act of 1933 and may not be offered or sold in
the  United  States  absent   registration  or  an  applicable   exemption  from
registration requirements.

This news release does not constitute an offer to sell or the solicitation of an
offer to buy the  Notes.  Any offer of the notes will be made only by means of a
private offering memorandum.


 SIGNATURES

  

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

  
                                         BRITISH SKY BROADCASTING GROUP PLC
  

Date: 14 October, 2005                   By: /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary