MILAN (Thomson Financial) - Eyewear company Luxottica Group SpA is planning
to place $300 million worth of 10-year bonds with institutional investors, the
daily Il Sole 24 Ore said, citing financial sources.
The group is expected to hold an informal road show in the United States
from Wednesday and the placement could be completed by the end of May or early
June, the newspaper said.
UniCredit Market & Investment Banking and Bank of America are arranging the
placement.
The proceeds will be used to refinance the acquisition of the U.S. group
Oakley, which completed in November 2007.
philip.webster@thomsonreuters.com
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