Time Warner Cable launches $1.5 billion 30-year bond
NEW YORK, June 24 (Reuters) - Time Warner Cable (TWC.N: Quote, Profile, Research) on Wednesday launched a $1.5 billion sale of 30-year bonds to repay part of its bank borrowings, according to IFR.
The bonds are expected to yield about 260 basis points more than U.S. Treasuries, according to IFR, a Thomson Reuters Service. Bank of America Merrill Lynch, BNP Paribas, Citigroup, JPMorgan and Mitsubishi UFJ Securities (USA) are joint book-running managers for the sale. (Reporting by Dena Aubin; Editing by Leslie Adler)
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