By Christine Van Dusen
Atlanta, Dec. 4 – Ethiopia priced an upsized $1 billion issue of 10-year notes at a yield of 6 5/8% on Thursday, a market source said.
The notes were talked at a yield in the 6¾% area.
Deutsche Bank and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
Other details were not immediately available on Thursday.
| Issuer: | Ethiopia
|
| Amount: | $1 billion
|
| Maturity: | 2024
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, JPMorgan
|
| Yield: | 6 5/8%
|
| Trade date: | Dec. 4
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6¾% area
|
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