By Christine Van Dusen
Atlanta, Jan. 13 - Philippines-based Energy Development Corp. priced $300 million notes due Jan. 20, 2021 at par to yield 6½%, a market source said.
Deutsche Bank and JPMorgan were the bookrunners for the Regulation S-only deal.
Proceeds will be used for general corporate purposes, for funding growth opportunities and for capital expenditures and debt servicing requirements.
Energy Development is a power generation and distribution company based in Taguig City, the Philippines.
| Issuer: | Energy Development Corp.
|
| Amount: | $300 million
|
| Maturity: | Jan. 20, 2021
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, JPMorgan
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 20
|
| Distribution: | Regulation S only
|
© 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.
