By Aleesia Forni and Christine Van Dusen
Virginia Beach, May 15 - Nigeria's Diamond Bank plc (/B/B) priced $200 million of 8¾% five-year senior notes at 99.011 to yield 9% on Wednesday, according to market sources.
The notes sold in line with talk, which was set in the high-8% to 9% area.
Citigroup Global Markets was the bookrunner for the Rule 144A and Regulation S deal.
| Issuer: | Diamond Bank
|
| Amount: | $200 million
|
| Description: | Senior notes
|
| Maturity: | May 21, 2019
|
| Bookrunner: | Citigroup Global Markets
|
| Coupon: | 8¾%
|
| Price: | 99.011
|
| Yield: | 9%
|
| Trade date: | May 14
|
| Settlement date: | May 21
|
| Ratings: | Standard & Poor's: B
|
| Fitch: B
|
| Distribution: | Rule 144A, Regulation S
|
| Price talk: | High-8% to 9% area
|
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