Televisa tenders for 8% notes

New York, March 15 - Grupo Televisa, SA said it has begun a tender offer for all $300 million of its 8% senior notes due 2011.

For each $1,000 principal amount, the purchase price will be fixed using a spread of 60 basis points over the bid-side yield to maturity of the 4% U.S. Treasury note due March 15, 2010.

Televisa will also pay accrued interest up to but excluding the date of purchase and, under some circumstances, additional amounts for Mexican withholding taxes.

Based on the reference security price at 10 a.m. ET on March 14, the purchase price would be $1,174.96.

The tender expires at 5 p.m. ET on March 21.

Televisa is a Mexico City-based media company.

Credit Suisse First Boston LLC (800 820-1653) and Citigroup Global Markets Inc. are the dealer managers, D.F. King & Co., Inc. (800 269-6427) is the information agent and Dexia Banque Internationale a Luxembourg (+352 4590-1) is Luxembourg tender agent.

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