By Christine Van Dusen
Atlanta, April 18 - Argentina's Neuquen Province priced a $260 million issue of 7.975% notes due April 26, 2021 at 99.423 to yield 8%, a market source said.
The notes priced in line with talk, which was set at the 8¼% area.
Barclays Capital and Citigroup were the bookrunners for the Rule 144A and Regulation S notes.
Proceeds will be used for the repayment of debt or to finance infrastructure projects.
| Issuer: | Neuquen Province
|
| Amount: | $260 million
|
| Maturity: | April 26, 2021
|
| Description: | Notes
|
| Bookrunners: | Barclays Capital, Citigroup
|
| Coupon: | 7.975%
|
| Price: | 99.423
|
| Yield: | 8%
|
| Trade date: | April 15
|
| Settlement date: | April 26
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 8¼% area
|
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