September 29, 2016 / 3:17 PM / a year ago

BRIEF-Television Broadcasts updates on issuance of notes

Sept 29 (Reuters) - Television Broadcasts Ltd

* Net proceeds of notes issue, after deducting fees, commissions and expenses, are estimated to be approximately usd495.37 million

* Group will use net proceeds to fund expansion of its digital new media business and other capital expenditures

* Co, issuer and joint lead managers entered into subscription agreement in connection with notes issue in aggregate principal amount of usd500 million Source text for Eikon: Further company coverage:

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