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Weak pricing on ProGroup - somewhat expected after rating comments

BASIC INDUSTRIES

Looks like weak pricing on ProGroup (Ba3 S,BB Neg) - final price talk (WRP) at 5.125%-5.25% on the €300m 5NC2 and 5.375%-5.5% on €450m 7NC3 (we were looking at FV in high 4's).

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