By Christine Van Dusen
Atlanta, Nov. 12 - Peru's Andino Investment Holding SA priced $115 million seven-year notes (expected ratings: /B+/BB-) at par on Monday to yield 11%, a market source said.
The notes were whispered at a yield in the 10% area.
BofA Merrill Lynch and Goldman Sachs were the bookrunners for the Rule 144A and Regulation S deal.
The notes are non-callable for three years.
The issuer is based in Callao, Peru, and owns and operates port infrastructure and offers logistics services.
| Issuer: | Andino Investment Holding SA
|
| Amount: | $115 million
|
| Maturity: | Nov. 13, 2020
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Goldman Sachs
|
| Coupon: | 11%
|
| Price: | Par
|
| Yield: | 11%
|
| Call features: | Callable Nov. 13, 2016
|
| Trade date: | Nov. 11
|
| Settlement date: | Nov. 13
|
| Expected ratings: | Standard & Poor's: B+
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 10% area
|
© 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.
