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Casino talks €1.5 billion 4.25-year secured notes at mid-6% area
By Paul A. Harris
Portland, Ore., Nov. 5 – Quatrim, a wholly owned subsidiary of French supermarket operator Casino, Guichard-Perrachon, circulated initial talk on an offering of 4.25-year secured notes in the mid-6% area, according to market sources.
The company announced in an Oct. 30 press release that it was targeting an issue size of €1.5 billion.
JPMorgan is leading the deal.
The notes come with two years of call protection.
Proceeds will be used to pay off bonds maturing in March 2020, May 2021 and June 2022.
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