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Published on 6/8/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

India's Aegis/Essar Services to start roadshow Thursday for $300 million five-year notes

By Paul A. Harris

Portland, Ore., June 8 - India's Essar Services Mauritius along with Aegis Ltd. will begin a roadshow on Thursday in Asia for their $300 million offering of five-year senior notes (/BB-/BB-), according to an informed source.

A roadshow is set to get underway in the United States on Tuesday.

The deal is set to price at the end of the June 13 week.

Deutsche Bank Securities Inc., UBS Investment Bank and Standard Chartered Bank are the joint physical bookrunners.

The Rule 144A and Regulation S notes come with three years of call protection.

The Mumbai, India, provider of outsourcing services plans to use the proceeds to repay debt and for general corporate purposes.


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