Costa Rica's ICE sets notes size at $250 million, tenor at 10 years

By Christine Van Dusen

Atlanta, Nov. 2 - Costa Rica's Instituto Costarricense de Electricidad (ICE) set the size at $250 million and the tenor at 10 years for its planned issue of notes (expected ratings: Baa3//BB+), a market source said.

Citigroup and Deutsche Bank are the bookrunners for the Rule 144A and Regulation S deal.

Proceeds will be used for debt refinancing and capital expenditures.

Pricing is expected on Thursday.

ICE is a state-owned electricity provider and telecommunications operator based in San Jose, Costa Rica.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.