Prysmian launches 300 mln euro equity-linked bonds

MILAN, March 5 Tue Mar 5, 2013 2:07am EST

MILAN, March 5 (Reuters) - Prysmian, the world's largest cable maker, said on Tuesday it was launching the placement of five-year equity-linked bonds convertible into its own shares and worth 300 million euros ($390.3 million).

In a statement, the company said the initial conversion price of the bonds was expected to be set at a premium of between 30 percent and 37.5 percent above the average share price between the launch and the pricing of the operation.

($1 = 0.7687 euros) (Reporting By Silvia Aloisi)