Published on 12/15/2010 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Aeropuertos Argentina 2000 prices upsized $300 million notes due 2020 at par to yield 10¾%
By Christine Van Dusen
Atlanta, Dec. 15 - Aeropuertos Argentina 2000 priced an upsized $300 million notes due Dec. 1, 2020 at par to yield 10¾% on Wednesday, a market source said.
The deal was increased from $250 million.
Credit Suisse and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S transaction.
The notes are callable starting Dec. 22, 2015 at 110.75 and at a declining premium after that, according to a company filing.
Aeropuertos Argentina is an airport administration company based in Buenos Aires.
Issuer: | Aeropuertos Argentina 2000
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Amount: | $300 million, increased from $250 million
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Maturity: | Dec. 1, 2020
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Description: | Notes
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Bookrunners: | Credit Suisse, Morgan Stanley
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Coupon: | 10¾%
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Price: | Par
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Yield: | 10¾%
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Call features: | Callable from Dec. 22, 2015 at 110.75, then 108.0625, 105.375, 102.6875, declining to par on Dec. 22, 2019
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Trade date: | Dec. 15
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Settlement date: | Dec. 22
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Distribution: | Rule 144A and Regulation S
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