Xerox, the office equipment supplier, is set to re-open the European high-yield market despite being under investigation by the Securities and Exchange Commission (SEC) for alleged accounting irregularities.

The company is expected to price €150m ($133.7m) to €200m in euros as part of a $500m (€560m) equivalent fundraising in euros and dollars early next week following the completion of a US roadshow. Deutsche Banc Alex Brown and JP Morgan Chase will lead manage the transaction, which will be used to reduce Xerox's debt.

Xerox poised to re-open European high-yield market

Vivek Ahuja

Xerox

JP Morgan Chase

Moody's

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