By Paul A. Harris
St. Louis, July 5 - Cirsa Capital Lux SA priced €130 million seven-year senior notes (B2/B) at par to yield 7 7/8%, market sources said.
Price talk was 7 ¾% to 8%.
Deutsche Bank Securities ran the books for the Rule 144A/Regulation S issue.
Proceeds will be used to repay debt.
The issuer is a Spanish gaming firm with headquarters in Madrid.
| Issuer: | Cirsa Capital Lux SA
|
| Amount: | €130 million
|
| Maturity: | July 15, 2012
|
| Security description: | Senior notes
|
| Bookrunner: | Deutsche Bank Securities
|
| Coupon: | 7 7/8%
|
| Price: | Par
|
| Yield: | 7 7/8%
|
| Spread: | 500 basis points
|
| Call protection: | Non-callable for the life of the bond
|
| Settlement date: | July 7
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B
|
| Price talk: | 7¾% to 8%
|
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