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.
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 ...Already a subscriber? Login