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Published on 11/19/2009 in the Prospect News Emerging Markets Daily.

El Salvador talks dollar-denominated 10-year notes at 7 5/8%-7¾%

By Christine Van Dusen

Atlanta, Nov. 19 - The Republic of El Salvador set price guidance on a benchmark-sized, dollar-denominated offering of 10-year notes (Ba1/BB/BB) at 7 5/8% to 7¾%, according to a market source.

The bookrunners for the Rule 144A and Regulation S deal are Citigroup and JPMorgan.

Proceeds will be used for refinancing.


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