By Paul A. Harris
St. Louis, Mo., Jan. 28 - Azteca Holdings SA de CV priced $150 million senior secured notes due July 15, 2003 (B3/B-) Monday at 99.353, to yield 11%.
The price talk was 10½%-11%.
Bear Stearns & Co. ran the books on the Rule 144A offering.
The offering, structured as bullets, contains a 12-month interest reserve, according to an informed source.
| Issuer: | Azteca Holdings SA de CV
|
| Amount: | $150 million
|
| Maturity: | July 15, 2003
|
| Type: | Senior secured notes
|
| Bookrunner: | Bear Stearns & Co.
|
| Coupon: | 10½%
|
| Price: | 99.353
|
| Yield: | 11%
|
| Interest reserve: | 12 months
|
| Call features: | Non-callable
|
| Equity clawback: | none
|
| Settlement date: | Jan. 31
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B-
|
| Cusip: | 055004AD7
|
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