CME to price 150 mln euro FRN Wednesday -banker

...following an investor conference call, a banker familiar with the sale said on Tuesday.

CME said last week it would use proceeds from the issue of senior secured notes for general corporate purposes, including the possible purchase of additional ownership interests in its existing operations.

JP Morgan, Lehman Brothers and ING are managing the sale.

CME reported on May 3 a narrower net loss and higher revenue in the first quarter, with a positive outlook pushing its shares sharply higher. [ID:nL03730351].

CME operates in six countries in eastern Europe, with just under 40 percent of its revenue coming from the Czech Republic, where it operates TV Nova, the market leader.

[LONDON/Reuters/Finance.cz]