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Prospect News home > News index > List of issuers V > Headlines for Virgin Media Inc. > News item
Published on 11/2/2009 in the Prospect News High Yield Daily.

Virgin Media to sell £500 million equivalent 10-year notes Wednesday

By Paul A. Harris

St. Louis, Nov. 2 - Virgin Media Finance plc is expected to price a £500 million equivalent offering of 10-year senior unsecured notes in dollar- and sterling-denominated tranches (B2/B) on Wednesday, according to a market source.

Deutsche Bank, BNP Paribas, Calyon Securities, Goldman Sachs, HSBC, JPMorgan, RBS Securities and UBS Investment Bank are the underwriters for the Securities and Exchange Commission-registered deal.

The notes will come with five years of call protection.

Proceeds will be used to call the New York City-based telecommunications firm's 8¾% notes due 2014.


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