EM-focused Uranium One talks $350 million notes due 2018 at 6¼%-6 3/8%; pricing expected Thursday

By Christine Van Dusen

Atlanta, Dec. 5 - Toronto-based and emerging markets-focused Uranium One Inc. set talk at 6¼% to 6 3/8% for its $350 million offering of non-convertible senior notes due in 2018 (expected ratings: Ba3/B+/BB-), a market source said.

Deutsche Bank, Sberbank and Societe Generale are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to repurchase existing convertible debentures and for general corporate purposes.

The notes are expected to price on Thursday.

The issuer is a uranium mining company with operations in Kazakhstan, South Africa, Australia and the United States.

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