Eircom guides bond in 9.5% area to sell it tomorrow

07 May 2013

Eircom, the recently defaulted Irish telco business, is looking to sell its €310m high yield bond tomorrow. Guidance in the 9.5% area for the seven year senior secured notes was released this afternoon.

Books are due to close at the end of day today in the US and at 11am London time tomorrow in Europe.

The yield guidance on Eircom’s bond was one of the highest in recent weeks, after numerous high yield deals were priced tightly — such as today’s issue for 

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