By Christine Van Dusen
Atlanta, Sept. 9 - Peru's Inkia Energy Ltd. priced a $150 million tap of its 8 3/8% notes due April 4, 2021 (Ba3/BB/BB) at 104.75 to yield 7.537%, a market source said.
The notes were talked at a price in the 104.25 area.
BofA Merrill Lynch and Credit Suisse were the bookrunners for the Rule 144A and Regulation S deal.
The notes will be callable on April 4, 2016 and include a change-of-control put at 101%.
Inkia Energy is a power generation services company based in Lima.
| Issuer: | Inkia Energy Ltd.
|
| Amount: | $150 million
|
| Maturity: | April 4, 2021
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Credit Suisse
|
| Coupon: | 8 3/8%
|
| Price: | 104.75
|
| Yield: | 7.537%
|
| Call: | On April 4, 2016
|
| Change-of-control put: | 101%
|
| Trade date: | Sept. 9
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 104.25 area
|
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