Oct. 12 (Bloomberg) -- Grupo Televisa SA, the world’s largest Spanish-language broadcaster, sold 10 billion pesos ($805 million) today of fixed-rate bonds due in 2020 to fund acquisitions.
The bonds’ yield is 7.38 percent, Televisa said in a statement today to Mexico’s stock exchange. Banco Santander SA and HSBC Holdings Plc managed the sale, Mexico City-based Televisa said.
The sale is Televisa’s first of new long-term debt since a $600 million issue of 30-year bonds almost a year ago, according to Bloomberg data.
The debt would help fund the company’s agreement this month to spend $1.2 billion for a stake of as much as 35 percent in U.S. Spanish-language broadcaster Univision Communications Inc. Televisa is also in talks with NII Holdings Inc. on the closing conditions for a $1.44 billion investment in the mobile-phone company’s Mexican unit.
Televisa rose 34 centavos, or 0.6 percent, to 53.95 pesos in Mexico City trading. The shares have dropped less than 1 percent this year.
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