Virgin inflates crossover deal to £960m
Virgin Media, the UK cable firm, has increased the planned size its bond from £750m equivalent to £959m, after investment grade accounts piled into the crossover deal on Thursday.
The borrower launched its 10 year non-call life senior secured transaction on Wednesday. Guidance on the note, rated Baa3/BBB-/BBB-, was released on Thursday morning at Gilts plus 200bp-210bp for the sterling piece and 187.5bp-200bp over Treasuries for the dollar tranche.Virgin was set to print £650m and $500m, each ...
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