French information-technology services provider Capgemini SA (CAP.FR) is set to price its EUR500 million, five-year bond at 325 basis points over midswaps, said one of the banks managing the deal Friday.

Order books on the deal were greater than EUR1.5 billion.

BNP Paribas SA, HSBC Holdings PLC, J.P.Morgan Chase & Co., and Societe Generale CIB are lead managers on the issue, expected to price later Friday after a European roadshow this week.

Standard & Poor's Corp. rates the company at BBB-, one notch above junk status. If the company loses its investment-grade status, the rate of payment will step up by 125 basis points.

-By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; art.patnaude@dowjones.com

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