Published on 1/12/2017 in the Prospect News Emerging Markets Daily.
New Issue: Argentina’s Genneia prices $350 million 8¾% notes due 2022 at par
By Christine Van Dusen
Atlanta, Jan. 12 – Argentina’s Genneia SA priced $350 million of 8¾% notes due 2022 (expected ratings: B3//B+) at par to yield 8¾%, a market source said.
BofA Merrill Lynch, Itau and JPMorgan were the bookrunners for the deal.
Genneia is a power company based in Buenos Aires.
| Issuer: | Genneia SA
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| Amount: | $350 million
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| Maturity: | 2022
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| Description: | Notes
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| Bookrunners: | BofA Merrill Lynch, Itau, JPMorgan
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| Coupon: | 8¾%
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| Price: | Par
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| Yield: | 8¾%
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| Call options: | Non-callable for three years
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| Trade date: | June 12
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| Expected ratings: | Moody’s: B3
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| Fitch: B+
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