New Issue: Brazil's Globo sells $200 million 15-year notes to yield 7¼%

By Paul A. Harris

St. Louis, April 19 - Globo Comunicacao e Participacoes priced a $200 million issue of 15-year senior notes (Ba1/BB) at par to yield 7¼% on Thursday, according to a market source.

The yield came 12.5 basis points inside of the 7 3/8% to 7½% price talk.

Deutsche Bank Securities was the bookrunner for the Rule 144A and Regulation S offering.

Proceeds will be used to refinance existing debt.

The media company has headquarters in Rio de Janeiro.

Issuer:	Globo Comunicacao e Participacoes
Amount:	$200 million
Maturity:	April 26, 2022
Security description:	Senior notes
Bookrunner:	Deutsche Bank Securities
Coupon:	7¼%
Price:	Par
Yield:	7¼%
Spread:	258 bps
Call features:	Callable on April 26, 2012 at 103.625, 102.417, 101.208, par on and after April 26, 2015
Trade date:	April 19
Settlement date:	April 26
Ratings:	Moody's: Ba1
	Standard & Poor's: BB
Distribution:	Rule 144A and Regulation S
Price talk:	7 3/8% to 7½%

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