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Orange Switzerland talks €250 million six-year PIK toggle notes to yield 9%-9¼%; pricing Wednesday
By Paul A. Harris
Portland, Ore., April 10 - Orange Switzerland talked a €250 million offering of six-year senior PIK toggle notes to yield 9% to 9¼% on Wednesday, according to a market source.
Final terms are expected later on Wednesday.
Credit Suisse has the books.
The Renens, Switzerland-based telecommunications company plans to use the proceeds to fund a dividend.
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