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 ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 110,303.90 553 5.93%
2 Citi 100,206.73 515 5.38%
3 Bank of America Merrill Lynch 98,373.21 498 5.29%
4 Barclays 84,920.85 367 4.56%
5 Goldman Sachs 74,146.89 361 3.98%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 24,574.00 69 7.78%
2 BNP Paribas 22,906.48 127 7.25%
3 Deutsche Bank 19,972.27 94 6.32%
4 SG Corporate & Investment Banking 18,114.30 84 5.73%
5 Bank of America Merrill Lynch 17,700.68 61 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.01%
2 JPMorgan 4,489.79 35 7.38%
3 Deutsche Bank 4,163.77 26 6.84%
4 Goldman Sachs 4,137.68 31 6.80%
5 Barclays 3,944.19 26 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,777.85 178 9.62%
2 Citi 20,535.92 160 9.07%
3 Goldman Sachs 16,887.66 130 7.46%
4 Bank of America Merrill Lynch 16,122.51 140 7.12%
5 Morgan Stanley 14,536.57 101 6.42%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,308.46 122 5.81%
2 Barclays 19,878.90 81 5.42%
3 JPMorgan 18,474.40 88 5.04%
4 Citi 18,378.50 91 5.01%
5 Bank of America Merrill Lynch 18,346.43 72 5.00%