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Bavaria $400 million seven-year notes talked at 9% area, pricing Thursday
By Paul A. Harris
St. Louis, Oct. 14 - Price talk of 9% area was heard Tuesday on Bavaria SA's upcoming sale of $400 million seven-year senior unsecured notes (Ba3/BB/BB), according to a market source.
The deal is expected to price on Thursday, the source added.
Citigroup will run the books for the Rule 144A offering. ABN Amro is co-manager.
The notes will be non-callable for four years.
Proceeds will be used to refinance acquisition debt.
The company is a Colombian brewer.
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