Virgin Media notes to yield 10.25 to 10.5 pct-IFR
NEW YORK, May 28 (Reuters) - Virgin Media Inc's (VMED.O: Quote, Profile, Research) new notes are expected to yield 10.25 to 10.50 percent for both the euro and dollar tranches, IFR reported on Thursday.
The $650 million equivalent notes due in 2016 are expected to be priced on Friday morning, according to IFR, a Thomson Reuters service.
The British cable operator is selling debt to term out its financing and take advantage of the reopening of the European high-yield bond market. For details click on [ID:nLS966775]. (Reporting by Dena Aubin; Editing by James Dalgleish)
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