By Aaron Hochman-Zimmerman
New York, June 12 - Arantes International Ltd. (B2//B) priced $150 million of five-year senior unsecured bonds at 99.046 with a coupon of 10¼% to yield 10½%, according to a market source.
The yield matched talk of 10½%.
Credit Suisse and Banco Santander were bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used to refinance short- and long-term debt.
Arantes is a Rio de Janeiro, Brazil-based beef producer.
| Issuer: | Arantes International Ltd.
|
| Amount: | $150 million
|
| Issue: | Five-year senior unsecured bonds
|
| Maturity: | June 19, 2013
|
| Coupon: | 10¼%
|
| Price: | 99.046
|
| Yield: | 10½%
|
| Bookrunners: | Credit Suisse, Banco Santander
|
| Pricing date: | June 12
|
| Settlement date: | June 19
|
| Distribution: | Rule 144A, Regulation S
|
| Ratings: | Moody's: B2
|
| Fitch: B
|
| Price talk: | 10½%
|
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