New Issue: Paraguay prices $500 million 4 5/8% 10-year notes at par

By Christine Van Dusen

Atlanta, Jan. 18 - The Republic of Paraguay priced $500 million 10-year notes (Ba3/BB-/BB-) at par on Friday to yield 4 5/8%, a market source said.

Citigroup and Bank of America Merrill Lynch were the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to finance infrastructure and energy projects.

Issuer:	Republic of Paraguay
Amount:	$500 million
Maturity:	Jan. 25, 2023
Description:	Notes
Bookrunners:	Citigroup, Bank of America Merrill Lynch
Coupon:	4 5/8%
Price:	Par
Yield:	4 5/8%
Trade date:	Jan. 18
Settlement date:	Jan. 25
Ratings:	Moody's: Ba3
	Standard & Poor's: BB-
	Fitch: BB-
Distribution:	Rule 144A and Regulation S

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