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Paraguay offers to buy 5% bonds due 2026 at par purchase price
Chicago, Feb. 5 – The republic of Paraguay started a tender offer for the $456,861,000 outstanding 5% bonds due 2026 (Cusips: 699149AC4 and P75744AD7), according to an announcement.
A potential cap has not yet been determined. A cap will be announced at 9 a.m. ET on Feb. 12 with the announcement of the amount tendered.
The republic is offering to purchase the bonds at par. Accrued interest will also be paid to the settlement date.
The tender offer is conditioned on the closing of a new series of dollar-denominated global bonds and a new series of guarani-denominated global bonds.
The offer started Feb. 5 and will expire at 5 p.m. ET on Feb. 9.
Settlement is planned for Feb. 15.
Global Bondholder Services Corp. is the tender and information agent (212 430-3774, 855 654-2015, contact@gbsc-usa.com, https://www.gbsc-usa.com/ paraguay).
Citigroup Global Markets Inc. (212 723-6106, 800 558-3745), Goldman Sachs & Co. LLC (212 902-1905, 800 828-3182) and Itau BBA USA Securities, Inc. (212 710-6749) are the dealer managers.
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