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Eircom, Valentia releases price talk heard on €1 billion notes, pricing Tuesday
By Paul A. Harris
St. Louis, July 24 - Price talk was heard Thursday on the two tranches of 10-year notes to be issued by Eircom Ltd. and Valentia, according to a market source.
The deal is expected to price on Tuesday, the source added.
Eircom Ltd.'s €500 million of notes due 2013 (B1/BB+) in dollars and euros is talked at 8¼%-8½%.
Valentia's €500 million of notes due 2013(Ba3/BB+) is talked at 7¼%-7½%.
Deutsche Bank Securities is bookrunner on the Rule 144A/Regulation S deal.
Proceeds will be used to repay debt.
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