BSkyB makes bond placement

UK pay TV provider BSkyB has made a private bond placement with institutional investors to raise approximately US$800 million (€625 million).

Sky said it expected to use the proceeds of the bond, which will pay 3.125% interest and mature in 2022, for general corporate purposes, for the refinancing of existing debt and/or to extend the maturity profile of its group debt, and also to make acquisitions to support its strategy.