By Paul A. Harris
St. Louis, Sept. 6 - Alstom priced an unrated €600 million issue of four-year floating-rate notes at par to yield three-month Euribor plus 220 basis points, according to market sources.
Price talk was three-month Euribor plus 220 to 230 bps.
Dresdner Kleinwort Wasserstein, HSBC, Ixis and Natexis managed the sale.
Proceeds will be used to refinance debt.
Alstom is a Paris-based engineering firm.
| Issuer: | Alstom
|
| Amount: | €600 million
|
| Maturity: | March 13, 2009
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| Security description: | Floating-rate notes
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| Bookrunners: | Dresdner Kleinwort Wasserstein, HSBC, Ixis, Natexis
|
| Coupon: | Three-month Euribor plus 220 basis points
|
| Price: | Par
|
| Settlement date: | Sept. 15
|
| Ratings: | Unrated
|
| Price talk: | Three-month Euribor plus 220-230 basis points
|
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