Amid busy market, Unitymedia drives by for €500m

16 Jan 2013

Unitymedia, the German cable operator owned by Liberty Global, sold a €500m 10 year high yield bond in a drive-by sale today (Wednesday).

Deutsche Bank, Barclays, BNP Paribas, Citigroup, Goldman Sachs, ING, Morgan Stanley and UBS announced the new senior secured issue on Wednesday morning as a benchmark and released guidance in the 5%-5.25% area later in the day. The deal was priced at 5.125%.

Frequent issuer Unitymedia, rated Ba3/BB-, last sold a ...

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