By Reshmi Basu
New York, Oct. 24 - The City of Kiev sold $250 million of 10-year notes (B2/B+ expected) at par to yield 8%, according to a market source.
The deal came in line with price guidance, which was set at the 8% area.
Credit Suisse First Boston issued the loan participation notes. The City of Kiev, via the Kiev City Council, will borrow the notes.
Citigroup and Credit Suisse First Boston were the managers for the Rule 144A/Regulation S transaction.
Proceeds will be used to fund the city's budget.
| Issuer: | Credit Suisse First Boston
|
| Borrower: | City of Kiev, via the Kiev City Council
|
| Amount: | $250 million
|
| Issue: | Loan participation notes
|
| Maturity: | Nov. 6, 2015
|
| Coupon: | 8%
|
| Issue price: | Par
|
| Yield: | 8%
|
| Pricing date: | Oct. 24
|
| Settlement date: | Nov. 8
|
| Managers: | Citigroup, Credit Suisse First Boston
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B+ expected
|
| Price guidance: | 8% area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
