By Paul A. Harris
St. Louis, April 28 - Brazilian bus company Viacao Itapemirim priced a $3.87 million add-on to its 12% notes due Feb. 10, 2006 (Fitch B) at 99.158 on Wednesday to yield 12.055%, according to a market source.
Ramirez & Co. ran the books.
Proceeds will be used to refinance existing short-term debt and for general corporate purposes.
The completion of the add-on brings the total size of the issue to $23.37 million.
| Issuer: | Viacao Itapemirim
|
| Face amount: | $3.87 million
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| Maturity: | Feb. 10, 2006
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| Security description: | Add-on to 12% notes due Feb. 10, 2006
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| Bookrunner: | Ramirez & Co.
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| Coupon: | 12%
|
| Price: | 99.158
|
| Yield: | 12.055%
|
| Ratings: | Fitch: B
|
| Listing exchange: | Luxembourg
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