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 Citi 8,976.35 32 9.21%
2 Deutsche Bank 6,236.78 17 6.40%
3 Goldman Sachs 5,678.83 20 5.83%
4 JPMorgan 5,589.80 21 5.73%
5 Barclays 5,368.96 18 5.51%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,932.38 9 9.73%
2 BNP Paribas 1,279.50 7 6.44%
3 UniCredit 1,207.91 8 6.08%
4 Bank of America Merrill Lynch 1,125.97 7 5.67%
5 Barclays 1,100.14 4 5.54%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
3 UniCredit 113.00 1 7.09%
3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 544.58 5 11.06%
2 JPMorgan 482.08 5 9.79%
3 Wells Fargo Securities 374.58 3 7.61%
3 Goldman Sachs 374.58 3 7.61%
5 SunTrust Robinson Humphrey Inc 366.66 4 7.45%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,324.67 8 9.89%
2 Barclays 2,536.07 5 7.54%
3 Bank of America Merrill Lynch 2,436.88 6 7.25%
4 JPMorgan 2,303.98 3 6.85%
5 MUFG 2,123.57 3 6.31%