Snai markets Eu350m junk bond

January 27, 2010 12:00 am

Italian betting company Snai is looking to sell Eu300m-Eu400m of junk bonds this week to repay senior and junior financing facilities maturing in 2011 and to support expansion. The proposed seven year bond is likely to be priced between 9% and 9.5%, according to a banker away from the deal. Read EuroWeek this week for more details.

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