Lafarge has set price guidance on its planned EUR500m (US$586.9m) bond due March 2016, a banker familiar with the deal said on Wednesday. The bond will be priced later this week to yield "low 70s" basis points over mid-swaps, the banker said.
On Tuesday, an official at one of the banks managing the sale said proceeds would be used for general corporate purposes and to help repay an Oceane convertible bond that matures in January 2006. BNP Paribas, Calyon, HSBC and RBS are managing the sale.
