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Remy Cointreau plans to meet with bond investors Wednesday in Paris
By Paul A. Harris
St. Louis, June 15 - French spirits distiller and marketer Remy Cointreau SA will host a meeting with bond investors on Wednesday in Paris, according to an informed source.
Credit Suisse and Credit Agricole Corporate and Investment Bank will lead the meeting and will serve as joint bookrunners if a bond deal ensues.
No use of proceeds was specified should Remy Cointreau elect to go ahead with a bond deal.
However, the company's outstanding 5.2% notes mature on Jan. 15, 2012.
Of the original €200 million issue, €192 million remains outstanding, according to a market source.
The company is rated Ba3 by Moody's Investors Service and BB- by Standard & Poor's through those 5.2% notes, the source added.
Paris-based Remy Cointreau produces, markets and distributes premium branded cognacs, liqueurs, spirits and champagnes.
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