By Paul A. Harris
St. Louis, July 26 - International Industrial Bank, via IIB Luxembourg SA, sold a $100 million offering of three-year notes at par to yield 9½%, according to a market source.
The deal priced on top of price guidance.
Barclays Capital and Vneshtorgbank were lead managers for the Regulation S transaction.
The issuer is a privately owned commercial banking group.
| Issuer: | IIB Luxembourg SA
|
| Borrower: | International Industrial Bank
|
| Amount: | $100 million
|
| Issue: | Senior secured loan participation notes
|
| Maturity: | July 31, 2009
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Put option: | Putable on Jan. 31, 2008
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Bookrunner: | Barclays Capital
|
| Co-manager: | Vneshtorgbank
|
| Price guidance: | 9½% area
|
|
|
© 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.
