Serbia's SBB talks €475 million secured notes to price at par with 7¾%-8% yield

By Paul A. Harris

Portland, Ore., Nov. 6 - Serbia-based SBB/Telemach Group talked its €475 million offering of seven-year senior secured notes to price at par and to yield 7¾% to 8%, a market source said on Wednesday.

Books close at 5 a.m. ET on Thursday, and the deal is set to price thereafter.

Global coordinator Credit Suisse will bill and deliver. BNP Paribas and Citigroup are also global coordinators. ING and KKR are joint bookrunners.

Proceeds will be used to help fund the acquisition of the company by Kohlberg Kravis Roberts.

SBB is a Kragujevac, Serbia-based cable television and broadband internet service provider.

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