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Ireland's eircom talks €310 million seven-year notes at 9½% area yield
By Paul A. Harris
Portland, Ore., May 8 - Irish telecommunications services provider eircom talked its €310 million offering of seven-year senior secured notes (/B/) with a yield in the 9½% area, an informed source said on Wednesday.
The books close at 11 a.m. BST on Thursday, or 6 a.m. ET.
Goldman Sachs and JPMorgan are the joint global coordinators and joint physical bookrunners. Deutsche Bank is also a joint global coordinator as well as a joint bookrunner.
BNP Paribas, BofA Merrill Lynch and Morgan Stanley are also joint bookrunners.
The notes come with three years of call protection.
The Dublin-based company plans to use the proceeds to repay bank debt.
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