By Andrea Heisinger
New York, June 30 - Empresa Nacional del Petroleo SA priced $300 million 6.25% 10-year notes Tuesday to yield Treasuries plus 287.5 basis points, a source said.
Guidance was for a spread of 287.5 bps, a source said earlier in the day. The deal was done via Rule 144A and Regulation S.
The notes (A3/BBB/A) priced at 99.144 to yield 6.367%.
Bookrunners were BNP Paribas Securities Corp., HSBC Securities and Banco Santander.
The state oil and gas refiner is based in Santiago, Chile.
| Issuer: | ENAP
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | July 8, 2019
|
| Bookrunners: | BNP Paribas Securities Corp., HSBC Securities, Banco Santander
|
| Coupon: | 6.25%
|
| Price: | 99.144
|
| Yield: | 6.367%
|
| Spread: | Treasuries plus 287.5 bps
|
| Call:
|
| Distribution: | Rule 144A/Regulation S
|
| Trade date: | June 30
|
| Settlement date: | July 8
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB
|
| Fitch: A
|
| Price talk: | 287.5 bps
|
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