By Christine Van Dusen
Atlanta, Jan. 19 – Argentina’s Pampa Energia SA priced $750 million 7˝% notes due 2027 (expected ratings: B3/B-/B+) to yield 7 5/8% on Wednesday, a market source said.
Citigroup and Deutsche Bank were the joint bookrunners.
Other details were not immediately available on Thursday.
Pampa Energia is based in Buenos Aires and is the largest electricity company in Argentina.
| Issuer: | Pampa Energia SA
|
| Amount: | $750 million
|
| Maturity: | 2027
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank
|
| Co-manager: | Credit Agricole, Santander
|
| Coupon: | 7˝%
|
| Yield: | 7 5/8%
|
| Trade date: | Jan. 18
|
| Expected ratings: | Moody’s: B3
|
| S&P: B-
|
| Fitch: B+
|
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