Ireland's Ardagh Glass To Sell 300 Mln Euros Of Bonds

LONDON, June 15 (Reuters) - Irish bottle-making company Ardagh Glass [ARDGR.UL] will try to sell 300 million euros ($422 million) in new bonds this week to repay bank debt, the Financial Times reported on Monday, without citing a source.

Ardagh is rated B+ by Standard & Poor's, and the FT said that in an unusual step, Ardagh would secure the bonds against some of its assets.No one at Ardagh was immediately available for comment. (Reporting by David Milliken; Editing Bernard Orr) ($1=.7108 Euro)

LONDON, June 15 (Reuters) - Irish bottle-making company Ardagh Glass [ARDGR.UL] will try to sell 300 million euros ($422 million) in new bonds this week to repay bank debt, the Financial Times reported on Monday, without citing a source.

Ardagh is rated B+ by Standard & Poor's, and the FT said that in an unusual step, Ardagh would secure the bonds against some of its assets.

No one at Ardagh was immediately available for comment. (Reporting by David Milliken; Editing Bernard Orr) ($1=.7108 Euro)

600450 Ireland's Ardagh Glass To Sell 300 Mln Euros Of Bonds glassonweb.com
Date: 16 June 2009
Source: Reuters.com

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