By Christine Van Dusen
Atlanta, Oct. 25 - Philippines-based First Gen Corp. priced a $50 million add-on to its existing 6½% notes due Oct. 9, 2023 at 100.125, a market source said.
Deutsche Bank, HSBC and JPMorgan were the bookrunners for the Regulation S deal.
The original $250 million issue priced at par to yield 6½%, or Treasuries plus 389.5 basis points.
First Gen is a Pasig, Philippines-based power generation company.
| Issuer: | First Gen Corp.
|
| Amount: | $50 million
|
| Maturity: | Oct. 9, 2023
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, HSBC, JPMorgan
|
| Coupon: | 6½%
|
| Price: | 100.125
|
| Trade date: | Oct. 25
|
| Distribution: | Regulation S
|
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