By Paul A. Harris
St. Louis, Nov. 19 - Enersis SA priced an upsized $350 million of 7 3/8% senior notes due Jan. 15, 2014 (Ba2/BB+) Wednesday at 99.505 to yield 7.442% or 325 basis points over Treasuries, according to a market source.
The deal was increased from $300 million. It was launched at a spread in the 325 basis points area.
Deutsche Bank Securities, BDVA and Santander were bookrunners for the Rule 144A deal.
Proceeds will be used to partially repay the company's $1.5 billion term loan.
The issuer is a Santiago, Chile energy company.
Issuer: | Enersis SA
|
Amount: | $350 million (increased from $300 million)
|
Maturity: | Jan. 15, 2014 (10 years)
|
Security description: | Senior notes
|
Bookrunners: | Deutsche Bank Securities, BDVA, Santander
|
Coupon: | 7 3/8% (long first coupon, first payment July 15, 2004)
|
Price: | 99.505
|
Yield: | 7.442%
|
Spread: | 325 basis points
|
Settlement date: | Nov. 24
|
Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB+
|
Guidance: | Launched at 325 basis points area
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.