| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Banco Nacional de Costa Rica > News item |
Banco Nacional de Costa Rica tenders for $150 million 5 7/8% notes
By Wendy Van Sickle
Columbus, Ohio, March 1 – Banco Nacional de Costa Rica tendered for up to $150 million of its $500 million 5 7/8% notes due April 25, 2021, according to a news release.
The company is offering a total consideration of $1,015 for each $1,000 principal amount to holders who tender by the early deadline, 5 p.m. ET on March 14.
The total consideration includes a $30 early tender premium, which will not be paid to holders who tender after the early deadline.
The offer will expire at 11:59 p.m. ET on March 28.
Holders will also be paid accrued interest.
Early settlement is expected to occur a day after the early deadline, and final settlement is expected a day after the final expiration.
D.F. King & Co., Inc. (866 828-9088, 212 269-5550 or bncr@dfking.com) is the tender agent and information agent.
J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279) and BofA Merrill Lynch (888 292-0070 or 646 855-8988) are the dealer managers.
The bank is based in San Jose, Costa Rica.
© 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.