ABN Amro and SG will launch a debut euro-denominated benchmark bond for Wendel Investissement to partly refinance the French holding company's leveraged buy-out of Legrand, a low voltage equipment group, from Schneider Electric.

The bond will be launched following a pan-European roadshow throughout next week. Bankers close to the deal say it is unlikely to raise more than €500m ($529m) because of the strength of Wendel Investissement's balance sheet.