By Christine Van Dusen
Atlanta, Feb. 14 - Chile's Inversiones Alsacia SA sold $464 million notes due Aug. 18, 2018 (Ba2//BB+) at par to yield 8%, a market source said.
Bank of America Merrill Lynch and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal, which priced in line with guidance of 8%.
The notes are non-callable for four years.
Alsacia is a transportation company based in Santiago, Chile.
| Issuer: | Inversiones Alsacia SA
|
| Amount: | $464 million
|
| Maturity: | Aug. 18, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, JPMorgan
|
| Coupon: | 8%
|
| Price: | Par
|
| Yield: | 8%
|
| Call features: | Non-callable for four years
|
| Trade date: | Feb. 14
|
| Settlement date: | Feb. 18
|
| Ratings: | Moody's: Ba2
|
| Fitch: BB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 8%
|
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