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New Issue-Virgin Media sells $600 mln senior notes

Wed Nov 4, 2009 12:28pm EST

Stocks

   
 Nov 4 (Reuters) - Virgin Media Finance Plc, a unit of
Virgin Media Inc (VMED.O), on Wednesday sold $600 million of
10-year senior notes, said IFR, a Thomson Reuters service.
 Deutsche Bank, BNP Paribas, Calyon, Goldman Sachs, HSBC, JP
Morgan, and RBS were the joint bookrunning managers for the
sale.
BORROWER: VIRGIN MEDIA FINANCE PLC
AMT $600 MLN      COUPON 8.375 PCT    MATURITY 10/15/2019
TYPE NOTES        ISS PRICE 98.364    FIRST PAY 4/15/2010
MOODY'S B2        YIELD 8.625 PCT     SETTLEMENT 11/9/2009
S&P SINGLE-B      SPREAD 517 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YEARS*
 * MAKE-WHOLE-CALL 50 BP UNTIL 10/15/2014
 (Editing by James Dalgleish)

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