Published on 7/27/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Barbados prices $200 million 7% notes due 2022 at 98.411 to yield 7.2%
By Christine Van Dusen
Atlanta, July 27 - Barbados priced $200 million 7% notes due Aug. 4, 2022 (Baa3) at 98.411 to yield 7.2%, or Treasuries plus 416.2 basis points, on Tuesday, a market source said.
Deutsche Bank was the bookrunner for the Rule 144A transaction.
| Issuer: | Barbados
|
| Amount: | $200 million
|
| Maturity: | Aug. 4, 2022
|
| Description: | Notes
|
| Bookrunner: | Deutsche Bank
|
| Coupon: | 7%
|
| Price: | 98.411
|
| Yield: | 7.2%
|
| Spread: | Treasuries plus 416.2 bps
|
| Trade date: | July 27
|
| Settlement date: | Aug. 4
|
| Rating: | Moody's: Baa3
|
| Distribution: | Rule 144A
|
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