Astaldi to start roadshow Monday for €400 million seven-year notes

By Paul A. Harris

Portland, Ore., Nov. 22 - Italy's Astaldi SpA plans to hold a roadshow for a €400 million offering of seven-year senior notes (expected ratings B1/B+/B+) on Monday and Tuesday in London, according to an informed source.

The deal is expected to price during the middle part of the week ahead.

BNP Paribas, Banca IMI, Bancao Bilbao, Credit Agricole CIB, Credit Suisse, Deutsche Bank, HSBC, ING, Natixis and UniCredit are managing the sale.

BNP will bill and deliver.

Rule 144A and Regulation S for life notes come the three years of call protection.

The Rome-based construction group plans to use the proceeds to refinance debt.

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