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Invensys £625-£650 million seven-year note offering likely to come Feb. 9 week
By Paul A. Harris
St. Louis, Feb. 5 - Invensys plc is expected to launch during the Feb. 9 week a £625 million to £650 million offering of seven-year senior notes, market sources said.
Deutsche Bank Securities will be the bookrunner.
The notes are expected to come with four years of call protection.
The bonds are part of the company's announced £2.7 billion debt refinancing plan, which will also include a new five-year £1.6 billion credit facility.
Invensys is a British engineering company based in London.
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