By Christine Van Dusen
Atlanta, July 16 - Argentina's IRSA Inversiones y Representaciones SA priced $150 million 11½% notes due 2020 at 97.838 to yield 11 7/8% on Thursday, according to an informed market source.
Citigroup, Banco Itau and Santander were the bookrunners for the Rule 144A and Regulation S deal.
Some details of the issuance were reported Thursday.
Proceeds will be used to refinance or repay debt, for capital contributions to subsidiaries, for investments in assets and for funding of working capital.
IRSA Inversiones is a Buenos Aires-based real estate, shopping center and hotel company.
| Issuer: | IRSA Inversiones y Representaciones SA
|
| Amount: | $150 million
|
| Maturity: | 2020
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Banco Itau, Santander
|
| Coupon: | 11½%
|
| Price: | 97.838
|
| Yield: | 11 7/8%
|
| Trade date: | July 15
|
| Settlement date: | July 20
|
| Distribution: | Rule 144A/Regulation S
|
© 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.
