By Christine Van Dusen
Atlanta, Oct. 15 - Argentina's Empresa Distribuidora y Comercializadora Norte SA (Edenor) priced $140 million notes due Oct. 25, 2022 at par to yield 9¾%, a market source said.
Deutsche Bank and JPMorgan were the bookrunners for the Rule 144A and Regulation S transaction, which is non-callable for eight years.
Proceeds will be used for refinancing, capital expenditures and working capital.
Edenor is an electricity producer based in Buenos Aires.
| Issuer: | Empresa Distribuidora y Comercializadora Norte SA (Edenor)
|
| Amount: | $140 million
|
| Maturity: | Oct. 25, 2022
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, JPMorgan
|
| Coupon: | 9¾%
|
| Price: | Par
|
| Yield: | 9¾%
|
| Call features: | Non-callable for eight years
|
| Trade date: | Oct. 15
|
| Settlement date: | Oct. 25
|
| Distribution: | Rule 144A and Regulation S
|
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