By Paul A. Harris
St. Louis, Sept. 30 - JFC Group Ltd. priced an upsized $60 million debut eurobond issue on Friday, according to a market source.
JFC International, a financing unit of JFC Group, sold the non-rated 1.5-year loan participation notes priced at par to yield 9¾%.
HSBC ran the books for the public issue.
The issue was upsized from $50 million.
JFC is a St. Petersburg, Russia-based produce importer and wholesaler.
| Issuer: | JFC International
|
| Amount: | $60 million (increased from $50 million)
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| Maturity: | April 10, 2007
|
| Security description: | Loan participation notes
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| Bookrunner: | HSBC
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| Coupon: | 9¾%
|
| Price: | Par
|
| Yield: | 9¾%
|
| Settlement date: | Oct. 10
|
| Rating: | Non-rated
|
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