By Colin Hanner
Chicago, May 16 – Senegal priced $1.2 billion 6¼% 16-year notes at par on Tuesday, a market source said.
Price talk was initially in the 6½% area before tightening to 6¼%.
A market source said the deal was oversubscribed at more than $4 billion.
Proceeds of the bond will be used to finance infrastructure spending in the country.
Citigroup, JPMorgan, Natixis, Societe Generale and Standard Chartered were joint bookrunners for the deal.
| Issuer: | Senegal
|
| Description: | Notes
|
| Amount: | $1.2 billion
|
| Maturity: | 2033
|
| Bookrunners: | Citigroup, JPMorgan, Natixis, Societe Generale and Standard Chartered
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Trade date: | May 16
|
| Distribution: | Roadshow
|
| Price talk: | 6¼%, tightening from 6½% area
|
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