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Williams talks $350 million five-year credit-linked certificates at 6¼%-6 3/8%
By Paul A. Harris
St. Louis, Sept. 7 - Williams Co. Credit-Linked Certificate Trust's $350 million offering of five-year fixed-rate credit-linked certificates (B1/B+) is talked at 6¼% to 6 3/8%, according to a market source.
Pricing is expected on Thursday.
Citigroup has the books for the Rule 144A-for-life offering.
The certificates have an effective senior unsecured ranking.
The prospective issuer is a Tulsa, Okla., natural gas company.
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