Spanish cable operator ONO, via Nara Cable Funding Ltd., is planning a $400 million bond maturing December 1 2018, one of the banks leading the sale said Tuesday.

The senior secured issue is expected to price Friday.

JPMorgan Chase & Co, BNP Paribas SA, Deutsche Bank AG are lead managers on the issue, while a list of other banks including Goldman Sachs, Bank of America Merrill Lynch, Banco Bilbao Vizcaya Argentaria SA and Credit Agricole SA, will be bookrunners.

The company is rated B1 by Moody's Investors Services Inc. and B by Standard & Poor's Corp.

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

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