New Issue: Argentina's Arcor prices $200 million 7¼% notes due 2017 at par

By Christine Van Dusen

Atlanta, Nov. 4 - Argentina's Arcor SAIC priced $200 million senior notes due 2017 (B1//B+) at par to yield 7¼%, a market source said.

JPMorgan, Santander and BNP Paribas were the bookrunners for the Rule 144A and Regulation S deal, which was whispered to yield in the 8% area.

The notes are non-callable for four years.

Arcor is a candy maker based in Cordoba, Argentina.

Issuer:	Arcor SAIC
Amount:	$200 million
Maturity:	Nov. 9, 2017
Description:	Senior notes
Bookrunners:	JPMorgan, Santander, BNP Paribas
Coupon:	7¼%
Price:	Par
Yield:	7¼%
Call option:	Non-callable for four years, then callable at 103.625, 101.813, par
Trade date:	Nov. 4
Settlement date:	Nov. 9
Ratings:	Moody's: B1
	Fitch: B+
Distribution:	Rule 144A and Regulation S
Price talk:	Whispered to yield in the 8% area

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