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Auchan marketing €500 million maximum two-part note offering
By Paul A. Harris
St. Louis, April 1 - French food retailer Groupe Auchan SA is poised to sell €500 million maximum of notes in two tranches, according to a market source.
The notes will be sold in tranches due April 15, 2015, with price talk of mid-swaps plus 210 basis points, and due April 15, 1019, with price talk of mid-swaps plus 280 bps.
Pricing is imminent, according to the source.
Calyon Securities, Natixis Bleichroder, RBS Securities Inc., Banco Santander and SG Corporate & Investment Banking are leading the deal.
Standard & Poor's assigns its A rating to the notes.
The company is based in Croix, France.
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