By Rebecca Melvin
New York, Nov. 15 – The Argentine province of Entre Rios priced a $150 million add-on to its 8¾% notes due 2025 at 105.827 to yield 5.55%, a market source said.
Pricing came tight compared to guidance for a yield in the 7.6% area and initial price talk in the high 7% area.
Total deal size is now $500 million, including the original $350 million of notes, which began trading Feb. 1.
HSBC, Citigroup and Santander were the bookrunners for the Rule 144A and Regulation S notes.
| Issuer: | Entre Rios
|
| Amount: | $150 million
|
| Maturity: | 2025
|
| Description: | Notes
|
| Bookrunners: | HSBC, Citigroup and Santander
|
| Coupon: | 8¾%
|
| Price: | 105.827
|
| Yield: | 5.55%
|
| Trade date: | Nov. 15
|
| Price talk: | Guided to 7.6% area from high 7% area
|
| Distribution: | Rule 144A and Regulation S
|
| Total deal size: | $500 million
|
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