Morrison & Foerster has advised the BBC on its first-ever direct bond issue, which raised £170m in a private placement in the US. The placement, on behalf of BBC Commercial Holdings (BBCH), has a seven-year term set at a 2.71% US dollar interest rate, and will be used to refinance existing debt within the BBC's commercial business.
July 04, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Morrison & Foerster has advised the BBC on its first-ever direct bond issue, which raised £170m in a private placement in the US.
The placement, on behalf of BBC Commercial Holdings (BBCH), has a seven-year term set at a 2.71% US dollar interest rate, and will be used to refinance existing debt within the BBC’s commercial business.
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