Defaulted Eircom seeks €310m HY to pay loans below par

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Defaulted Eircom seeks €310m HY to pay loans below par

Eircom, the Irish telecoms company, hopes to sell €310m of senior secured high yield bonds rated Caa1/B next week, its first issue after €1.7bn of its debt was wiped out in a default and restructuring in June 2012.

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