By Christine Van Dusen
Atlanta, May 8 - Mexico's Grupo Televisa SAB sold $1 billion 5% notes due May 13, 2045 (expected ratings: Baa1/BBB+/BBB+) at 96.534 to yield 5.227%, or Treasuries plus 180 basis points, a market source said.
The notes were talked at a yield in the very low-200 bps area.
Credit Suisse, Deutsche Bank and HSBC were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general corporate purposes, according to a company filing.
| Issuer: | Grupo Televisa SAB
|
| Amount: | $1 billion
|
| Maturity: | May 13, 2045
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, Deutsche Bank, HSBC
|
| Coupon: | 5%
|
| Price: | 96.534
|
| Yield: | 5.227%
|
| Spread: | Treasuries plus 180 bps
|
| Change-of-control put: | At 101%
|
| Trade date: | May 8
|
| Settlement date: | May 13
|
| Expected ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | Treasuries plus very low-200 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
