By Reshmi Basu
New York, Oct. 21 - CA Electricidad de Caracas Finance BV priced $260 million 10-year notes (//B+) Thursday at par to yield 10¼%, according to a market source.
The notes are non-callable for five years.
ABN Amro managed the Rule 144A/Regulation S offering.
The company is a Venezuelan subsidiary of power company AES Corp.
| Issuer: | Electricidad de Caracas Finance BV
|
| Issue: | Notes
|
| Amount: | $260 million
|
| Maturity: | Oct. 15, 2014
|
| Coupon: | 10¼%
|
| Issue price: | Par
|
| Yield: | 10¼%
|
| Spread: | 628 basis points over comparable Treasuries
|
| Call option: | Non-callable for five years
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 28
|
| Manager: | ABN Amro
|
| Ratings: | Fitch: B+
|
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