By Aaron Hochman-Zimmerman
New York, Oct. 1 - Edenor SA was able to price a $250 million 10-year bond at par with a coupon of 10½%, according to a market source.
The deal priced on top of talk for a yield in the 10½% area.
The bonds feature five years of call protection.
Citigroup and Deutsche Bank acted as bookrunners for the Rule 144A and Regulation S deal.
The sale comes from comes from a $600 million bond program.
Edenor is a Buenos Aires, Argentina-based energy distribution company.
| Issuer: | Edenor SA
|
| Amount: | $200 million
|
| Issue: | 10-year bond
|
| Maturity: | 2017
|
| Coupon: | 10½%
|
| Price: | Par
|
| Yield: | 10½% |
|
| Call features: | Non-callable for five years
|
| Bookrunners: | Citigroup, Deutsche Bank
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 9
|
| Price talk: | 10½% area
|
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