By Christine Van Dusen
Atlanta, Jan. 27 - Peru's Volcan Compania Minera SA priced a $600 million issue of notes due Feb. 2, 2022 (Baa3/BBB-/BBB-) at par to yield 5 3/8%, or Treasuries plus 344 basis points, a market source said.
JPMorgan and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal, which was talked in the 5½% area.
Proceeds will be used for general corporate purposes.
Volcan is a mining company based in Lima, Peru.
| Issuer: | Volcan Compania Minera SA
|
| Amount: | $600 million
|
| Maturity: | Feb. 2, 2022
|
| Description: | Senior notes
|
| Bookrunners: | JPMorgan, Morgan Stanley
|
| Coupon: | 5 3/8%
|
| Price: | Par
|
| Yield: | 5 3/8%
|
| Spread: | Treasuries plus 344 bps
|
| Trade date: | Jan. 26
|
| Settlement date: | Feb. 2
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5½% area
|
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