By Paul A. Harris
Portland, Ore., May 9 - Empresa Distribuidora de Electricidad de Salta SA (Edesa) has priced $63 million of 12¾% five-year fixed-rate notes at 95.125 to yield 14¼%, according to a market source.
Deutsche Bank ran the books.
As reported, the company suspended a $65 million notes offering in February, citing unfavorable conditions in the international market.
The issuer is an electricity distribution operator in Argentina's Salta province.
| Issuer: | Empresa Distribuidora de Electricidad de Salta SA (Edesa)
|
| Amount: | $63 million
|
| Maturity: | May 10, 2017
|
| Securities: | Fixed-rate notes
|
| Bookrunner: | Deutsche Bank
|
| Coupon: | 12¾%
|
| Price: | 95.125
|
| Yield: | 14¼%
|
| Trade date: | May 7
|
| Settlement date: | May 10
|
| Distribution: | Regulation S
|
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