Published on 9/12/2014 in the Prospect News Emerging Markets Daily.
New Issue: El Salvador prices $800 million 6 3/8% notes due 2027 at par
By Christine Van Dusen
Atlanta, Sept. 12 – El Salvador sold $800 million 6 3/8% notes due Jan. 18, 2027 (Ba3/BB-/BB-) at par to yield 6 3/8% on Thursday, a market source said.
The notes were talked at a yield in the 6¾% area.
Citigroup and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
Issuer: | El Salvador
|
Amount: | $800 million
|
Maturity: | Jan. 18, 2027
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Description: | Notes
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Bookrunners: | Citigroup, Deutsche Bank
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Coupon: | 6 3/8%
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Price: | Par
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Yield: | 6 3/8%
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Trade date: | Sept. 11
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Settlement date: | Sept. 18
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Ratings: | Moody’s: Ba3
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| Standard & Poor’s: BB-
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| Fitch: BB-
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Distribution: | Rule 144A and Regulation S
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Price talk: | 6¾% area
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