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ASK Central to offer £130 million in bonds to support third quarter acquisition
By Paul A. Harris
St. Louis, Aug. 19 - ASK Central plc is expected to offer £130 million of high-yield bonds during the third quarter, according to market sources.
The tenor and structure on the offering are yet to be determined.
Lehman Brothers and The Royal Bank of Scotland are expected to lead the deal, according to the source, who said HSBC might also be involved.
Proceeds will be used to support TDR Capital LLP's acquisition of ASK Central.
ASK Central is a St. Albans, Hertfordshire-based pizza and pasta restaurant owner and operator.
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