ProSiebenSat.1 Media, which originated from the merger last year between ProSieben Media and SAT.1, is planning a Eurobond issue of fixed-rate notes with an intermediate maturity of up to Euros400m. Lehman Brothers and Dresdner Kleinwort Wasserstein have been appointed joint bookrunners ofthe offering whose roadshow will be launched throughout Europe on March 7th.

According to Urs Rohner, ProSiebenSat.1 Media's chairman of the executive board, the Eurobond issue will offer "domestic and international investors an attractive investment opportunity in Europe's largest media market" and, "at the same time, we are strengthening the company's presence on the international capital markets".

The proceeds of the issue will be used primarily to reduce existing financial liabilities of the former SAT.1 Group and open up additional funding opportunities for the further expansion of the ProSiebenSat.1 Group.