Spanish cable firm ONO expected to bring €350 million of high-yield debt in May

By Paul A. Harris

St. Louis, April 20 - Spanish cable company ONO is expected to come to the high-yield market with an offering of €350 million of senior notes sometime in May, according to a market source.

Maturity and other structural details remain to be determined.

BNP Paribas, Banc of America Securities, Deutsche Bank Securities and Morgan Stanley will be the underwriters.

Proceeds will be used to refinance debt.

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