Spanish cable provider ONO to market €270 million eight-year notes starting Friday

By Paul A. Harris

St. Louis, Jan. 24 - ONO Finance II plc will begin a roadshow on Friday for its €270 million offering of eight-year senior notes, according to market sources.

The roadshow is set to conclude on Feb. 2.

JP Morgan, The Royal Bank of Scotland and Calyon Securities are joint bookrunners for the Rule 144A and Regulation S notes.

Proceeds will be used to repay a bridge facility drawn in conjunction with ONO's acquisition of Auna Group in November.

Credit ratings on the notes remain to be determined.

The prospective issuer is a financing subsidiary of Spain-based cable TV company Grupo Corporativo ONO SA, which has headquartered in Madrid.

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