MILAN, March 5 Demand for the 300 million euro
equity-linked convertible bond issued by Italian cable maker
Prysmian was almost three times the offer and will be
used to help repay a loan, Prysmian's chief financial officer
"Demand was very strong. Orders were close to three times
the offer," CFO Pier Francesco Facchini told Reuters on Tuesday.
More than 50 percent of investors were anglosaxon and
French, he said.
"The proceeds will be used to pay back part of a 2014 term
loan," Facchini said.
Earlier the world's largest cable maker said it was
launching the placement of five-year equity-linked bonds
convertible into its own shares.
(Reporting By Massimo Gaia, editing by Stephen Jewkes)