Europe / Middle East / Africa
Lafarge plans 7-Year benchmark euro bond
Jul, 03 2012
(France) -- French cement maker Lafarge SA (LG.FR) is planning to sell
a seven-year, euro-denominated bond, one of the banks running the sale
Initial price guidance has been set in the area of 6.25%.
BNP Paribas, Credit Agricole, HSBC, RBS and Societe Generale are lead managers on the deal.
The issuer's credit has junk-status ratings, with Ba1 from Moody's Investors Service and BB+ from Standard and Poor's Corp.
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