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Feb. 23
Thursday 23 Feb. 2012 07:43

New Issue-Nara Cable Funding sells $1 bln in notes

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Jan 27 (Reuters) - Nara Cable Funding Limited late on Thursday sold $1 billion of senior secured

notes in the 144a private placement market, said IFR, a Thomson

Reuters service.

JP Morgan, BNP Paribas, Deutsche Bank, BB Securities, Bank

of America Merrill Lynch, Credit Agricole, Goldman Sachs, ING,

Morgan Stanley, Natixis, Santander and Societe Generale were the

joint bookrunning managers for the sale.

BORROWER: NARA CABLE FUNDING LIMITED

AMT $1 BLN COUPON 8.875 PCT MATURITY 12/1/2018

TYPE SR NTS ISS PRICE 96.934 FIRST PAY 6/1/2012

MOODY'S B1 YIELD 9.50 PCT SETTLEMENT 2/2/2012

S&P SINGLE-B SPREAD 818 BPS PAY FREQ SEMIANNUAL

FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS

Keywords: NARACABLEFUNDINGLIMITED NOTES

(New Issue by Thomson Reuters;)(+1-646-223-6886; e-mail: uscorpbonds@reuters.com)

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