Published on 1/21/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Brazil's Grupo Virgolino de Oliveira prices $300 million 10½% notes due 2018 at par
By Christine Van Dusen
Atlanta, Jan. 21 - Brazil's Grupo Virgolino de Oliveira SA priced $300 million notes due Jan. 28, 2018 at par to yield 10½% on Friday, a market source said.
BTIG, Credit Suisse, Itau and Santander were the bookrunners for the Rule 144A and Regulation S notes, which are non-callable for four years.
Grupo Virgolino is a Sao Paulo-based sugar and ethanol company.
| Issuer: | Grupo Virgolino de Oliveira SA
|
| Amount: | $300 million
|
| Maturity: | Jan. 28, 2018
|
| Description: | Notes
|
| Bookrunners: | BTIG, Credit Suisse, Itau, Santander
|
| Coupon: | 10½%
|
| Price: | Par
|
| Yield: | 10½%
|
| Call features: | Non-callable for four years
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 28
|
| Distribution: | Rule 144A and Regulation S
|
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