Published on 8/1/2019 in the Prospect News Emerging Markets Daily.
New Issue: Argentina’s IRSA prices notes in two tranches via auction
Chicago, Sept. 6 – IRSA Inversiones y Representaciones SA priced two classes of notes via public auction, according to a 6-K filing with the Securities and Exchange Commission.
The company priced $85.17 million 10% notes due Nov. 15, 2020 at 103.77.
Additionally, the company issued CLP 31.5 billion 10½% notes due Aug. 6, 2020 at par.
Both issues will be used for liability management.
IRSA Inversiones y Representaciones is a real estate company based in Buenos Aires.
| Issuers: | IRSA Inversiones y Representaciones SA
|
| Issue: | Notes
|
| Announcement date: | Aug. 1
|
| Issue date: | Aug. 6
|
|
|
| Class I tranche II
|
| Amount: | $85,171,669
|
| Maturity: | Nov. 15, 2020
|
| Coupon: | 10%
|
| Price: | 103.77
|
| Yield to maturity: | 8¾%
|
| Yield to worst: | 7.99%
|
|
|
| Class II
|
| Amount: | CLP 31,502,600,000
|
| Maturity: | Aug. 6, 2020
|
| Coupon: | 10½%
|
| Price: | Par
|
© 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.
