By Reshmi Basu
New York, Oct. 21 - CA Electricidad de Caracas Finance BV priced $260 million 10-year notes (//B+) Thursday at par to yield 10¼%, according to a market source.
The notes are non-callable for five years.
ABN Amro managed the Rule 144A/Regulation S offering.
The company is a Venezuelan subsidiary of power company AES Corp.
Issuer: | Electricidad de Caracas Finance BV
|
Issue: | Notes
|
Amount: | $260 million
|
Maturity: | Oct. 15, 2014
|
Coupon: | 10¼%
|
Issue price: | Par
|
Yield: | 10¼%
|
Spread: | 628 basis points over comparable Treasuries
|
Call option: | Non-callable for five years
|
Pricing date: | Oct. 21
|
Settlement date: | Oct. 28
|
Manager: | ABN Amro
|
Ratings: | Fitch: B+
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.