New Issue: El Salvador sells $286.458 million 30-year bonds to yield 7.625%

By Reshmi Basu

New York, Sept. 14 - The Republic of El Salvador priced $286.458 million of 30-year bonds with a put in year 15 (Baa3/BB+) at par to yield 7.625%, according to market sources.

Citigroup ran the books for the Rule 144A/Regulation S bond offering.

Issuer: Republic of El Salvador

Amount:	$286.458 million
Issue:	Bond
Maturity:	Sept. 21, 2034
Coupon:	7.625%
Issue price:	Par
Yield:	7.625%
Spread:	Treasuries plus 349 basis points
Put:	Sept. 21, 2019
Pricing date:	Sept. 14
Settlement date:	Sept. 21
Bookrunner:	Citigroup
Ratings:	Moody's: Baa3
	Standard and Poor's: BB+

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