Ireland's Eircom to start roadshow Monday in London for €350 million 10-year floaters

By Paul A. Harris

St. Louis, Aug. 4 - BCM Ireland Finance Ltd. (Eircom Group plc) will begin a roadshow on Monday in London for it €350 million offering of 10-year senior floating-rate notes (B), according to an informed source.

Credit Suisse, Deutsche Bank Securities, JP Morgan, Barclays Capital and Dresdner Kleinwort are joint bookrunners for the Rule 144A and Regulation S offering.

The notes will become callable in one year at 102, with the call premium declining to 101 in two years and to par in three years.

Proceeds will be used to finance the acquisition of Eircom by Babcock & Brown.

Dublin, Ireland-based Eircom operates fixed-line and mobile telephone networks and is an internet service provider.

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