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 2006
                              16 October 2006



                       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 Repayment of First Bond released on
                16 October 2006



                                                                 16 October 2006

                       British Sky Broadcasting Group plc


British Sky Broadcasting Group plc today announced the repayment of the first
bond it issued. The $300 million bond carried a coupon of 7.3% and was issued in
October 1996. The Group used the proceeds of this note, and later notes issued
in 1999, to fund the successful transition from analogue transmission to digital
satellite broadcasting. The repayment of maturing bonds was one of the reasons
for the Group's issue of GBP1 billion of Sterling and Dollar denominated bonds
in October 2005. The Group has approximately GBP1.7 billion of outstanding debt
following the repayment of this note, and surplus cash of approximately GBP1.4
billion at 30 June 2006.





Enquiries:


Analysts/Investors:

Andrew Griffith Tel: 020 7705 3118
Robert Kingston Tel: 020 7705 3726
E-mail: investor-relations@bskyb.com


Press:

Robert Fraser Tel: 020 7705 3036
E-mail: corporate.communications@bskyb.com



                                   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: 16 October 2006                  By:   /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary