Ardagh to provide euro HY test in bid to repay bank debt

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Ardagh to provide euro HY test in bid to repay bank debt

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Ardagh Glass is this week roadshowing the largest euro denominated high yield bond so far in 2009. The privately-owned Irish glass container firm is planning to use the Eu300m proceeds to pay down some of its bank debt, following an increasing number of borrowers using the bond markets to refinance or repay loans.

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