May 23, 2019 |
Mexico's Televisa returned to the cross-border bond market after an absence of three and a half years, printing $750m in 30-year notes with a coupon of 5.25%.
The mass media company said it expects to bring in $739m in net proceeds for general corporate purposes, which include paying off debt and repurchasing outstanding notes.
BBVA, Citi and Goldman Sachs were the bookrunners on the bond sale, Televisa said in a press release. Paul Hastings was the legal advisor to the banks, the US law firm
Mexican media company raises $750m from its first dollar bond sale in three and a half years