By Aaron Hochman-Zimmerman
New York, Sept. 27 - Ghana priced a $750 million 10-year bullet (B+/B+) at par with a coupon of 8½% or a spread of Treasuries plus 387 basis points, according to an informed source.
The deal priced on the tight end of the talk for a yield between 8½% and 8¾%.
Citigroup and UBS were the bookrunners for the Rule 144A and Regulation S deal.
The bonds mature on Oct. 4, 2017.
| Issuer: | Ghana
|
| Amount: | $750 million
|
| Issue: | 10-year bullet
|
| Maturity: | Oct. 4, 2017
|
| Coupon: | 8½%
|
| Price: | Par
|
| Yield: | 8½%
|
| Spread: | 387 bps
|
| Bookrunners: | Citigroup, UBS
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Rating: | Standard & Poor's: B+
|
| Fitch: B+
|
| Price talk: | 8½% to 8¾%
|
© 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.
