By Christine Van Dusen
Atlanta, Sept. 5 - Mozambique's Ematum priced $500 million 6.305% seven-year notes (/B+/B+) at 92.051 to yield 8½%, a market source said.
BNP Paribas and Credit Suisse were the bookrunners for the Regulation S-only deal.
The proceeds will be used for the development of Mozambique's domestic fishing infrastructure.
Ematum is a Mozambique government agency.
Issuer: | Ematum
|
Amount: | $500 million
|
Maturity: | Sept. 11, 2020
|
Description: | Notes
|
Bookrunners: | BNP Paribas, Credit Suisse
|
Coupon: | 6.305%
|
Price: | 92.051
|
Yield: | 8½%
|
Trade date: | Sept. 5
|
Settlement date: | Sept. 11
|
Ratings: | Standard & Poor's: B+
|
| Fitch: B+
|
Distribution: | Regulation S only
|
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