Virgin Media’s $500m bond 10 times covered, tender launched

Virgin Media, the UK entertainment and communications business, sold $500m of senior unsecured 2022 bonds on Tuesday, and attracted a $5bn book.

  • 01 Mar 2012

The deal was increased from a planned $400m and priced at the tight end of guidance with a 5.25% coupon.

“We are enormously pleased with the yield,” Rick Martin, group director, treasury and investor relations at Virgin Media, told EuroWeek. “The coupon we got on the senior secured 2021 ...

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 8,256.91 29 8.96%
2 Deutsche Bank 6,112.20 15 6.63%
3 Goldman Sachs 5,554.24 18 6.03%
4 JPMorgan 5,465.22 19 5.93%
5 Barclays 5,207.98 15 5.65%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,337.52 8 7.31%
2 BNP Paribas 1,118.03 6 6.11%
3 Barclays 1,100.14 4 6.01%
4 Commerzbank Group 1,054.99 6 5.77%
5 UniCredit 1,046.44 7 5.72%

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 420.00 3 15.69%
2 TD Securities Inc 304.57 2 11.38%
3 Wells Fargo Securities 250.00 1 9.34%
3 Jefferies LLC 250.00 1 9.34%
3 Goldman Sachs 250.00 1 9.34%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,729.81 7 8.29%
2 Barclays 2,499.67 4 7.59%
3 Bank of America Merrill Lynch 2,436.88 6 7.40%
4 JPMorgan 2,303.98 3 7.00%
5 MUFG 2,123.57 3 6.45%