By Rebecca Melvin
New York, March 15 – Peru LNG SRL priced $940 million of 12-year notes (expected ratings: Baa3/BBB-/BBB-) at par on Thursday to yield 5 3/8%, according to a market source.
BofA Merrill Lynch, Citigroup, Credicorp Capital and JPMorgan were the joint bookrunners of the Rule 144A and Regulation S notes.
Proceeds will be used to refinance existing project finance debt.
The natural gas liquefaction plant is located in Pampa Melchorita, Peru.
| Issuer: | Peru LNG SRL
|
| Issue: | Notes
|
| Amount: | $940 million
|
| Maturity: | March 22, 2030
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, Credicorp Capital and JPMorgan
|
| Coupon: | 5 3/8%
|
| Price: | Par
|
| Yield: | 5 3/8%
|
| Pricing date: | March 15
|
| Settlement date: | March 21
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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