Televisa’s book booms in $1bn deal

Televisa’s book booms in $1bn deal


US cross-over investors were heard to drive Televisa’s 5% $1bn 31-year bond deal on Thursday, which picked up on demand for long dated paper to draw a book that was heard to be seven times covered. Credit Suisse, Deutsche Bank and HSBC priced the senior unsecured bond at 96.534, to yield 5.227% — equal to spread of 180bp over US Treasuries. Several sources said the Baa1/BBB+/BBB+ borrower did well choosing a 30-year maturity, with one describing the tenor as “the flavor of the month”. Another de

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