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ISS plans 525 mln euro high-yield bond -lead

Mon Jul 13, 2009 11:31am EDT

LONDON, July 13 (Reuters) - ISS Financing, part of Danish facilities services provider ISS Global, is planning to sell a 525 million euro ($730 million) high-yield bond, an official at one of the banks managing the deal said on Monday.

The bond will have a final maturity of June 2014 but is callable after two-and-a-half years and is being managed by Deutsche Bank and Goldman Sachs, the official said.

Guidance will follow a roadshow, which starts in London on Tuesday and will move on to Edinburgh, Paris, Copenhagen and Frankfurt later in the week, the official said.

The new senior unsecured bonds will be rated B by Standard & Poor's, the official said, adding details on the deal initially reported by IFR Markets, a Thomson Reuters online news and market analysis service.

($1=.7189 Euro)

(Reporting by Natalie Harrison)



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