February 5, 2020 / 2:32 PM / 12 days ago

LVMH to raise over 9 bln euros from bond markets for Tiffany buy

LONDON, Feb 5 (Reuters) - Louis Vuitton owner LVMH is set to raise the equivalent of around 9.3 billion euros ($9.9 billion) from bond markets on Wednesday to help finance its acquisition of iconic U.S. jeweller Tiffany & Co., according to a lead manager.

LVMH has announced final terms on 7.5 billion euros of euro-denominated bonds of varying maturities and on 1.55 billion pounds (1.83 billion euros, $2.01 billion) of sterling-denominated bonds, the lead manager added.

Pricing is expected later on Tuesday via global coordinators Bank of America Merrill Lynch, Credit Agricole, Citi, Deutsche Bank, HSBC, Natixis and Societe Generale. ($1 = 0.7701 pounds) (1 euro = 0.8475 pounds) (Reporting by Abhinav Ramnarayan; Editing by Kevin Liffey)

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