By Reshmi Basu
New York, April 26 - The Republic of Peru priced $500 million notes due 2016 at 99.813 to yield 8.40% (Ba3/BB-), according to market sources.
The deal, upsized to $500 million from $300 million, came towards the richer end of price talk. Price talk of 8 3/8% to 8½% surfaced late Monday morning.
Proceeds will be used to fund the government's budget.
Citigroup was the bookrunner on the Securities and Exchange Commission-registered deal.
| Issuer: | Republic of Peru
|
| Size: | $500 million
|
| Issue: | Global bonds
|
| Maturity: | May 3, 2016
|
| Coupon: | 8 3/8%
|
| Issue price: | 99.813
|
| Yield: | 8.40%
|
| Spread: | 395 basis points
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
| Bookrunner: | Citigroup
|
| Ratings: | Moody's: Ba3
|
| Standard and Poor's: BB-
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
