New Issue: Eletropaulo $200 million five-year bonds yield 19 1/8%

By Reshmi Basu

New York, June 24 - Eletropaulo Metropolitana Electricidade de Sao Paulo SA sold $200 million equivalent of real-denominated five-year bonds (//B) Thursday at par to yield 19 1/8%, according to a market source.

Merrill Lynch was bookrunner for the offering.

Eletropaulo is a Brazilian power distributor.

Issuer:	Eletropaulo Metropolitana Electricidade de Sao Paulo SA
Amount:	$200 million equivalent in reals
Issue:	Bonds
Maturity:	June 28, 2010
Coupon:	19 1/8%
Issue price:	Par
Yield:	19 1/8%
Pricing date:	June 23
Settlement date:	June 28
Bookrunner:	Merrill Lynch
Rating:	Fitch: B

© 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.