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New Issue: Nutritek prices $50 million 18-month notes at 99.647 to yield 9%
By Aaron Hochman-Zimmerman
New York, June 6 - Nutritek International Corp. priced its $50 million 18-month note issue at 99.647 to yield 9%.
The sale came on the tight side of the 9% to 9½% talk, according to a market source. The bonds, due on Dec. 11, 2008 carry a coupon of 8¾%.
The Russian agriculture and food manufacturer issued the notes through Winterhaven Finance BV.
PJSC Nutrinvest guaranteed the Regulation S deal. The bookrunner could not be identified.
Issuer: Winterhaven Finance BV
Borrower: Nutritek International Corp.
Guarantor: PJSC Nutrinvest
Amount: $50,000,000
Issue: 18-month notes
Maturity: Dec. 11, 2008
Coupon: 8.75%
Issue price: 99.647
Yield: 9%
Settlement: June 11
Distribution: Regulation S
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