ProSiebenSat1 Media, Germany's largest television broadcaster, plans to sell eurobonds two weeks after one of its lead managers cut estimates of the company's advertising growth and share price.
ProSieben, rated Baa2 by Moody's and BBB+ by Fitch, will sell €400m ($364m) of five-year bonds via Lehman Brothers and Dresdner Kleinwort Benson. Proceeds from the bond issue will be used to finance expansion.
