By Christine Van Dusen
Atlanta, May 8 - Mexico's Grupo Televisa SAB priced a Ps. 6.5 billion issue of 7¼% 30-year notes (Baa1//BBB+) at 99.733 to yield 7.27%, or Treasuries plus 185 basis points, a market source said.
Citigroup, Deutsche Bank, HSBC and Morgan Stanley were the bookrunners for the Securities and Exchange Commission-registered deal.
The notes include a make-whole call and have a change-of-control put at 101%.
The proceeds will be used for general corporate purposes.
Televisa is a Mexico City-based mass media company.
| Issuer: | Grupo Televisa SAB
|
| Amount: | Ps. 6.5 billion
|
| Maturity: | May 14, 2043
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Deutsche Bank, HSBC, Morgan Stanley
|
| Coupon: | 7¼%
|
| Price: | 99.733
|
| Yield: | 7.27%
|
| Spread: | Treasuries plus 185 bps
|
| Call features: | Make-whole call
|
| Change-of-control put: | 101%
|
| Trade date: | May 7
|
| Settlement date: | May 14
|
| Ratings: | Moody's: Baa1
|
| Fitch: BBB+
|
| Distribution: | Securities and Exchange Commission registered
|
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