New Issue: Argentina’s IRSA sells ARS 384.23 million class 7 floaters, $184.51 million 7% notes

By Susanna Moon

Chicago, Sept. 2 – IRSA Inversiones y Representaciones SA issued ARS 384.23 million of floating-rate class 7 notes due 2019 and $184.51 million of 7% class 8 notes due 2019.

IRSA issued the 7% notes at par and the floaters at par with a rate of Badlar plus 299 basis points, according to a 6-K filing with the Securities and Exchange Commission.

The company said it received orders for almost 11.9 times the amount initially offered.

IRSA is a Buenos Aires-based real estate, shopping center and hotel company.

Issuer:	IRSA Inversiones y Representaciones SA
Issue:	Notes
Maturity:	Sept. 9, 2019
Price:	Par
Pricing date:	Sept. 2
Settlement date:	Sept. 8
Class 7 notes
Issue:	Class 7 floating-rate notes
Amount:	ARS 384,233,262
Coupon:	Badlar plus 299 bps
Class 8 notes
Issue:	Class 8 fixed-rate notes
Amount:	$184,507,138
Coupon:	7%

© 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.