New Issue: Paraguay prices $530 million 30-year notes at par to yield 5.6%

By Paul A. Harris

Portland, Ore., March 8 – The Republic of Paraguay priced $560 million of 30-year sovereign notes (Ba1/BB/BB) at par to yield 5.6% on Thursday, according to a market source.

The yield came tight to guidance in the high 5% area.

Citigroup and JPMorgan were the joint bookrunners.

Issuer:	Paraguay
Amount:	$530 million
Tenor:	30 years
Securities:	Sovereign notes
Bookrunners:	Citigroup, JPMorgan
Coupon:	5.6%
Price:	Par
Yield:	5.6%
Trade date:	March 8
Settlement date:	March 13
Ratings:	Moody's: Ba1
	S&P: BB
	Fitch: BB
Distribution:	Rule 144A and Regulation S
Price talk:	High 5% area

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