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South Africa's Imperial Holdings to start roadshow Monday in Europe €300 million eurobond offer
By Paul A. Harris
St. Louis, March 20 - South Africa's Imperial Holdings Ltd. will start a roadshow next week in Europe for its €300 million offering of eurobonds (Baa1), according to market sources.
The eurobonds will issued by the Johannesburg-based diversified holdings group's financing subsidiary, Imperial Mobility Finance BV.
ABN Amro and Barclays Capital will be the bookrunners for the offering, which represents Imperial Holdings' debut in the eurobond market.
Proceeds will be used for general corporate purposes including recently announced acquisitions and the reduction of short-term debt.
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