U.S. media giant Time Warner Cable Inc. (TWC) priced a 650 million pound ($1.02 billion), 30-year bond, one of the banks running the deal said Wednesday.

Barclays PLC, Deutsche Bank AG and Royal Bank of Scotland Group PLC were the lead managers of the sale, which has the following terms:

Amount: GBP650 million

Maturity: July 15, 2042

Coupon: 5.25%

Reoffer Price: 98.956

Payment Date: June 27, 2012

Spread: 220 basis points over the 4.5% 2042 gilt

Debt Ratings: Baa2 (Moody's)

BBB (Standard & Poor's)

BBB (Fitch Ratings)

Denominations: GBP1,000; GBP100,000

Listing: New York

Interest: Annual

Write to Ben Edwards at ben.edwards@dowjones.com