By Reshmi Basu
New York, Feb. 8 - Latin American Reserve Fund (FLAR) sold $250 million of five-year bonds (Aa2/A-) at par to yield three-month Libor plus 20 basis points, according to a market source.
Citigroup and Morgan Stanley were joint bookrunners for the Rule 144A and Regulation S transaction.
FLAR is a financial institution, constituted by Bolivia, Colombia, Costa Rica, Ecuador, Peru and Venezuela.
| Issuer: | Latin American Reserve Fund (FLAR)
|
| Issue: | Bonds
|
| Amount: | $250 million
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| Maturity: | Feb. 2, 2011
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| Coupon: | Three-month Libor plus 20 basis points
|
| Issue price: | Par
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| Yield: | Three-month Libor plus 20 basis points
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 15
|
| Joint bookrunners: | Citigroup and Morgan Stanley
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
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