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ABS-CBN Broadcasting $150 million five-year notes talked at 9¼% area
By Paul A. Harris
St. Louis, Oct. 29 - ABN-CBN Broadcasting Corp.'s planned sale of $150 million senior secured notes due 2008 (Ba3/B+) is talked at a yield in the 9¼%, according to a market source.
The deal is expected to price this week.
Bear Stearns & Co. and Credit Suisse First Boston are joint bookrunners.
ABS-CBN will use proceeds to repay debt.
The prospective issuer is a Philippine broadcasting company.
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