MILAN, April 12 (Reuters) - Italian appliance maker Indesit said on Friday it had mandated five banks to arrange meetings next week to explore market conditions for a bond issue of up to 350 million euros ($459 million) maturing in five to seven years.
The bond issue will finance the group’s business operations and refinance existing debt, it said in a statement.
The five banks are Banca IMI, BNP Paribas, Citigroup, HSBC, and UniCredit.
The meetings will start on Tuesday April 16.
$1 = 0.7618 euros Reporting by Jennifer Clark, editing by Danilo Masoni