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BSkyB bond issue seeks $600 million [Daily Variety]
(19 Nov 2008 00:01:00 EST)
LONDON. Europe's biggest paybox BSkyB will raise about $600 million in a bond issue to institutional investors to provide coin for possible acquisitions and the refinancing of existing debt. The satcaster, regarded as being less exposed to the recession because only about 5% of its total revenue comes from advertising, said the new funds would be used for "general corporate purposes."
BSkyB to raise $600 million in bond issue [AP Financial News]
(18 Nov 2008 12:55:00 EST)
LONDON_Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will pay 9.5 percent interest on the 10-year bond notes to be issued to institutional investors. It expects the offer to close by Nov. 24.
BSkyB to raise $600 million in bond issue [AP Financial News]
(18 Nov 2008 07:14:00 EST)
LONDON_Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will pay 9.5 percent interest on the 10-year bond notes to be issued to institutional investors. It expects the offer to close by Nov. 24.