By Rebecca Melvin
Concord, N.H., Feb. 22 –Bank of Industry Ltd. priced an additional €50 million 7½% senior participation notes due 2027, according to a notice.
The notes will be consolidated to form a single series with the €700 million 7½% senior participation notes due 2027 (B2//B) issued on Feb. 16.
BOI Finance BV is issuer of the notes.
The add-on will be issued on Feb. 25.
The state-owned lender is based in Nigeria.
Issuer: | BOI Finance BV
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Guarantor: | Bank of Industry Ltd.
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Issue: | Senior participation notes, add-on
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Amount: | €50 million
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Maturity: | 2027
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Coupon: | 7½%
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Issue date: | Feb. 25
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Ratings: | Moody’s: B2
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| Fitch: B
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Total deal size: | €750 million, including €700 million issued Feb. 16
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