5th Oct 2005 14:58
ITV PLC05 October 2005 5 October 2005 ITV plc Bond Issue ITV, the UK's leading commercial broadcaster, today priced a £325 millionEurosterling issue with a 2015 maturity. Bookrunners were Barclays Capital, TheRoyal Bank of Scotland and UBS Investment Bank. The bonds were issued underITV's £1 billion Euro Medium Term Note programme which is rated BBB, BBB andBaa2 by Fitch, Standard & Poor's and Moody's respectively. The bonds will carryan annual coupon of 5.375%. The issue was priced to give a spread of 113 basispoints over the 4.75% 2015 gilt representing a re-offer yield to investors of5.39% semi annual. The bonds were sold to a broad range of investors within theUK, Europe and Asia. Henry Staunton, Finance Director of ITV, said 'ITV's financial position hascontinued to strengthen very significantly since the merger, enabling us toreposition our debt profile more efficiently. We have been extremely pleasedwith the very strong demand from investors for this Sterling bond and haveincreased the issue to £325 million. This will provide ITV with long-term corefinancing, extending our debt maturity profile and prefinancing some forthcomingdebt maturities at an attractive price reflecting our improved financialposition.' Enquiries: ITV Tel: 020 7620 1620 James Tibbitts Company SecretaryCharles van der Welle Director of TreasuryBrigitte Trafford Communications DirectorGeorgina Blackburn Head of Investor Relations Citigate Dewe Rogerson Tel: 020 7638 9571 Simon Rigby This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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