US cableco Time Warner Cable has published further details of its £650m (US$1.02bn) 30-year note offering in an SEC filing announced earlier in the week.
The unsecured notes carry a coupon of 5.25% and priced at 98.96 to yield 5.3%.
The offering…
US cableco Time Warner Cable has published further details of its £650m (US$1.02bn) 30-year note offering in an SEC filing announced earlier in the week.
The unsecured notes carry a coupon of 5.25% and priced at 98.96 to yield 5.3%.
The offering matures in 2042 and pays interest annually.
The book-running managers are Barclays, Deutsche Bank, The Royal Bank of Scotland, Lloyds Bank and UBS.
The issuance was rated Baa2 by Moody’s and BBB by both S&P and Fitch.
