27th Sep 2006 10:40
ITV PLC27 September 2006 Bond Issue ITV plc, the UK's leading commercial broadcaster, yesterday priced a €500million Eurobond issue with a 2011 maturity and a £250 million Eurosterlingissue with a 2017 maturity. Bookrunners for the Eurobond issue were BarclaysCapital, Citigroup and Societe Generale and bookrunners for the Eurosterlingissue were ABN AMRO, Barclays Capital and HSBC. The bonds were issued under ITV's £1.5 billion Euro Medium Term Note programmewhich is rated BBB-, BBB- and Baa3 by Fitch, Standard & Poor's and Moody'srespectively. The Eurobond issue will carry an annual coupon of 4.75% and was priced to yield110 basis points over mid swaps. The Eurobond issue proceeds are to be swappedto Sterling. The Eurosterling issue will carry an annual coupon of 6.125% andwas priced to yield 160 basis points over the 4.75% 2017 gilt due 2015. Thebonds were sold to a broad range of investors within the UK, Europe and Asia. John Cresswell, Finance Director of ITV, said: 'We have been extremely pleased with the very strong demand from investors forboth bond issues. The proceeds will provide ITV with long-term core financing,allowing us to extend our debt maturity profile and prefinance some forthcomingdebt maturities at an attractive level.' -ENDS- Contacts: ITV Tel: 020 7843 8000James Tibbitts Company SecretaryCharles van der Welle Director of TreasuryBrigitte Trafford Communications DirectorGeorgina Blackburn Head of Investor Relations Citigate Dewe Rogerson Tel: 020 7638 9571Simon RigbyGeorge Cazenove Notes to Editors: About ITV ITV is Britain's biggest and most popular commercial broadcaster, with 82% ofpeople in the UK watching ITV in any week. ITV's flagship channel - ITV1 - isthe home of the most popular drama and entertainment programmes on Britishtelevision and ITV2, 3 and 4 are among the most popular channels onmulti-channel television. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ITV