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ABB to start roadshow Monday for €650 million eight-year notes
By Paul A. Harris
St. Louis, Nov. 13 - ABB Ltd. begins the roadshow Monday for an offer of €650 million of senior notes due 2011, according to an informed source.
Pricing is expected later in the same week.
Deutsche Bank Securities, Barclays Capital and HVB are joint bookrunners on the Regulation S deal.
The eight-year notes will be non-callable.
ABB will use proceeds to strengthen its balance sheet.
The prospective issuer is a Zurich, Switzerland-based provider of power and automation technologies.
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