Published on 11/6/2014 in the Prospect News Emerging Markets Daily.
New Issue: Poland’s Jastrzebska Spolka Weglowa sells $500 million 4¾% notes due 2019 at par
By Christine Van Dusen
Atlanta, Nov. 6 – Poland’s Jastrzebska Spolka Weglowa SA (JSW) sold $500 million five-year notes (Ba1//BB+) at par to yield 4¾% on Thursday, a market source said.
Credit Suisse and JPMorgan were the bookrunners for the Regulation S transaction.
The proceeds will be used to fund term loans and for other corporate purposes.
The issuer is a coking coal company based in Jastrzebie-Zdroj, Poland.
Issuer: | Jastrzebska Spolka Weglowa SA (JSW)
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Amount: | $500 million
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Maturity: | Nov. 12, 2019
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Description: | Notes
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Bookrunners: | Citigroup, ANZ, Credit Suisse, Deutsche Bank, Standard Chartered Bank
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Coupon: | 4¾%
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Price: | Par
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Yield: | 4¾%
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Trade date: | Nov. 6
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Settlement date: | Nov. 12
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Ratings: | Moody’s: Ba1
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| Fitch: BB+
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Distribution: | Regulation S
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