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Indesit mandates banks for bond issue up to 350 mln euros
April 12, 2013 / 7:16 AM / 5 years ago

Indesit mandates banks for bond issue up to 350 mln euros

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

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