Quebecor talks $300 million 10-year notes at 8¾% area, pricing Wednesday morning

By Paul A. Harris

St. Louis, Feb. 27 - Quebecor World Inc. is talking its $300 million offering of 10-year senior notes at the 8¾% area, according to an informed source.

The notes are expected to price Wednesday morning.

Citigroup has the books for the Rule 144A and Regulation S offering. The co-managers are RBC Capital Markets, ABN Amro, Banc of America Securities LLC, BNP Paribas, Scotia Capital, TD Securities, Societe Generale, NBF Securities and Wachovia Securities.

The notes come with five years of call protection.

Proceeds will be used to repay in full Quebecor World Capital Corp.'s $250 million 7.2% senior notes due March 28, 2006 and for general corporate purposes.

Moody's Investors Service assigns its Ba3 rating to the notes. The Standard & Poor's rating is BB-.

The prospective issuer is a Montreal-based commercial printer.

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