SR. Teleperformance €120-138 million convertible talked at 3.0-3.5%, up 17-22%

By Ronda Fears

Nashville, Dec. 3 - SR. Teleperformance launched €120 million to €138 million of four-year convertible bonds talked to yield 3.0% to 3.5% with a 17% to 22% initial conversion premium via joint bookrunners Credit Agricole Indosuez, Credit Lyonnais and HSBC.

The issue will be non-callable for three years, subject to a 125% hurdle.

There is a 15% greenshoe available.

SR. Teleperformance is a Paris-based telemarketing firm.

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