By Caroline Salls
Pittsburgh, July 15 - IRSA Inversiones y Representaciones SA sold $150 million of 11½% class 2 notes due July 20, 2020 at a price of 97.838, according to a news release.
As previously reported, the company's board of directors approved the sale of up to $250 million of the class 2 notes.
The notes will be issued under IRSA's $400 million global notes program.
IRSA is a Buenos Aires-based real estate, shopping center and hotel company.
| Issuer: | IRSA Inversiones y Representaciones SA
|
| Issue: | Class 2 fixed-rate notes
|
| Amount: | $150 million
|
| Maturity: | July 20, 2020
|
| Coupon: | 11½%
|
| Price: | 97.838
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
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