By Christine Van Dusen
Atlanta, Nov. 30 - Mexico's Grupo KUO SAB de CV sold $325 million 10-year notes (/BB/BB) at par to yield 6¼%, a market source said.
The notes were talked at a yield in the 6½% area.
Credit Suisse, Citigroup and Bank of America Merrill Lynch were the bookrunners for the Rule 144A and Regulation S deal.
Grupo KUO is a Mexico City-based chemical, automotive and food conglomerate.
| Issuer: | Grupo KUO SAB de CV
|
| Amount: | $325 million
|
| Maturity: | Dec. 15, 2022
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, Citigroup, Bank of America Merrill Lynch
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Trade date: | Nov. 29
|
| Ratings: | Standard & Poor's: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6½% area
|
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