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ISIN Update: UK Mobile Phone Company Release Dual Tranche Deal Conditions

March 18, 2015ISINjay

ISIN.net blog update is courtesy of Reuters. Virgin Media (ISIN Code: XS1115235761), more commonly known as Virgin Mobile, has release information regarding a dual tranche deal.

Following are terms and conditions of a dual tranche deal priced on Tuesday.

Borrower Virgin Media Secured Finance PLC

(Virgin Media)

Tranche 1

Issue Amount 525 million sterling

Maturity Date January 15, 2027

Coupon 4.875 pct

Issue price Par

Reoffer price Par

Spread 300 basis points

Underlying govt bond Over midswaps

144A ISIN XS1207459139

RegS ISIN XS1207459725

* * * *

Tranche 2

Issue Amount $500 million

Maturity Date January 15, 2026

Coupon 5.250 pct

Issue price Par

Reoffer price Par

Spread 316 basis points

Underlying govt bond Over midswaps

144A ISIN US92769XAL91

RegS ISIN USG9372GAM09

* * * *

Common terms

Payment Date March 30,2015

Lead Manager(s) DB, BAML & Barclays

Ratings Ba3 (Moody’s)

Listing Luxembourg Stock Exchange, Euro MTF

Full fees Undisclosed

Denoms (M) 200-1

Governing Law New York

Security details and RIC, when available, will be on customers can right-click on the code for performance analysis of this new issue for ratings information, double click on for all bonds data, double click on for Top international bonds news for news about this issuer, double click on the issuer RIC, where assigned, and hit the newskey.

Tags: Dual tranche deal, International Securities Identification Number, isin, ISIN Code, ISIN.net, Virgin Media, Virgin Mobile

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