Virgin Media accelerates bond plans, looks to price today

Virgin Media’s £2.3bn-equivalent of bonds in sterling and dollars to finance its planned acquisition by Liberty Global has been accelerated. The bookrunners have released guidance and are planning to price the bonds today — a day earlier than planned.

  • 07 Feb 2013

The £1.1bn of senior secured 2021 notes are talked in the 6% area, the $1bn dollar portion of the 2021 senior secured notes in the 5.25%-5.5% area.

On the unsecured tranches, the £300m sterling notes are talked in the 7% area and the $450m of dollar 2023 senior notes ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 111,695.68 470 6.04%
2 JPMorgan 107,715.56 487 5.83%
3 Citi 86,838.13 464 4.70%
4 Barclays 76,702.28 310 4.15%
5 Goldman Sachs 73,528.57 289 3.98%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 24,034.59 107 8.75%
2 Deutsche Bank 20,330.35 73 7.40%
3 SG Corporate & Investment Banking 19,058.39 89 6.93%
4 UniCredit 15,521.61 71 5.65%
5 HSBC 14,299.09 80 5.20%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 4,861.86 36 7.33%
2 BNP Paribas 4,648.08 55 7.01%
3 Deutsche Bank 4,245.09 42 6.40%
4 JPMorgan 3,756.57 41 5.66%
5 Credit Suisse 3,672.86 39 5.54%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,016.51 146 10.22%
2 Goldman Sachs 14,082.73 99 7.57%
3 Credit Suisse 13,243.20 94 7.12%
4 Bank of America Merrill Lynch 12,775.52 117 6.87%
5 Citi 12,347.90 105 6.64%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,998.97 110 6.18%
2 BNP Paribas 24,179.70 104 5.75%
3 Barclays 24,153.71 85 5.75%
4 Deutsche Bank 22,544.70 90 5.36%
5 Citi 21,968.90 89 5.23%