Grupo Televisa, First Mexican Corporate to Price 30-Year Senior Notes.MEXICO CITY -- Grupo Televisa, S.A. (NYSE NYSE
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BMV Bedside Medication Verification : TLEVISA CPO (Chief Privacy Officer) An individual who manages the privacy issues within an organization. Arising out of the privacy regulations in finance and health care in the late 1990s, the CPO position eventually crossed over to all industries. ) today announced that it successfully priced a U.S. $300 million 30-year Senior Notes offering with a coupon rate Coupon rate
In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. of 8.50%. The Notes were priced at 99.431% for a yield to maturity of 8.553% or 305 basis points over a comparable U.S. Treasury bond. The Senior Notes mature on March 11, 2032.
The transaction was priced at a record 47.3 basis points above the yield on the UMS (Unified Messaging System) See unified messaging. 2031 sovereign benchmark security given at five times over subscription by predominantly U.S. High Grade institutional investors.
Importantly, with this transaction, Grupo Televisa becomes the first Mexican Corporate to issue 30-year Senior Notes, demonstrating the Company's leadership as well as the strength of its financial profile.
A portion of the proceeds from the Senior Notes will be used to refinance Televisa's U.S.$276 million one-year bridge loan, in which the Company entered into in December 2001 to finance its increased investment in Univision.
The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Grupo Televisa S.A., is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. It has interests in television production and broadcasting, programming for pay television, international distribution of television programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production and broadcasting, professional sports and show business promotions, paging services, feature film production and distribution, dubbing, and the operation of a horizontal Internet portal. Grupo Televisa also has an unconsolidated equity stake in Univision, the leading Spanish-language television company in the United States.
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Contact: In Mexico - Alberto Islas of Grupo Televisa, S.A., +5255-5261-2000; In U.S. & Europe - Adam Miller or Robert Malin, both of The Abernathy MacGregor Group, +1-212-371-5999, for Grupo Televisa, S.A.