Overlap Group opens offering of six-year bonds with 8% coupon

By Jennifer Chiou

New York, June 16 - Overlap Group SA announced a public offering of 8% six-year bonds with a subscription period lasting through July 12.

The bonds will carry a nominal value of €100 each and will be listed on the NYSE Euronext.

Overlap will have the option to redeem the bonds beginning in July 2014.

The Courbevoie, France-based information technology company said that the deal will help it fund its organic growth as well as take advantage of opportunities in cloud computing and outsourcing.

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