By Richard Connell
New York, June 16 - Aluar Aluminio Argentino SAIC sold $50 million in floating-rate bonds due 2014 with a coupon of six-month Libor plus 250 basis points on Tuesday, according to a prospectus supplement.
The notes priced at par and have a minimum interest rate of 6.5%.
The lead manager was SBS Sociedad de Bolsa SA, with Citicorp Capital Markets SA as the co-manager.
Aluar, an aluminum production company which specializes in rolled and extruded aluminum products, is based in Buenos Aires, Argentina.
Issuer Aluar Aluminio Argentino SAIC
| Issue: | Floating-rate bonds
|
| Amount: | $50 million
|
| Maturity: | 2014
|
| Lead manager: | SBS Sociedad de Bolsa SA
|
| Co-manager: | Citicorp Capital Markets SA
|
| Coupon: | Six-month Libor plus 250 basis points, floor of 6.5%
|
| Price: | 100
|
| Pricing date: | June 16
|
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