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Warner Music Group, the New York-based music publisher, sold its first bond in euros this week, as pricing in Europe’s high yield market keeps moving closer to what borrowers can obtain in the more mature US market.
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Warner Music Group sold its $635m-equivalent eight year bond on Wednesday, while Virgin Media was looking to price its $1.25bn deal this afternoon.
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Virgin Media, the UK cable TV and telecoms company, has launched its bond to finance its tender offer, announced two weeks ago, hoping to price it tomorrow.
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New York-based music publisher Warner Music plans to sell its $635m-equivalent of eight year non-call three bonds today.
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New York-based music publisher Warner Music has brought forward plans for its $635m high yield bond in dollars and euros.