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Virgin Media Offers Yield Guidance on Dollar, Pound Bonds

By Caroline Hyde

Nov. 4 (Bloomberg) -- Virgin Media Inc. offered price guidance on its planned sale of 500 million pounds of senior notes due 2019 in dollar and sterling-denominated tranches, according to a banker involved in the transaction.

The dollar portion may be priced to yield about 8.75 percent and the pound bonds may yield about 9.25 percent, the banker said. The notes are callable after five years.

Last Updated: November 4, 2009 02:58 EST

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