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Equiniti plans to price £440 million two-part note offering this week
By Paul A. Harris
Portland, Ore., May 20 - Financial services provider Equiniti plans to price £440 million of 5.5-year notes in two tranches before the end of the week, according to a market source.
JPMorgan, Lloyds TSB and Citigroup are the leads.
The Rule 144A and Regulation S for life deal is structured in tranches of fixed-rate notes, which come with two years of call protection, and floating-rate notes, which come with one year of call protection.
Proceeds will be used to repay bank debt.
The prospective issuer is based in Lancing, England.
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