By Reshmi Basu and Paul A. Harris
New York, Sept. 22 - Hipotecaria su Casita SA de CV Sofol sold a maiden offering of $150 million in 10-year senior notes (Ba3/BB-) at par to yield 8½%, according to a market source.
The notes will be callable after five years at 104.25.
Credit Suisse was the bookrunner for the Rule 144A and Regulation S transaction.
Proceeds will be used to fund mortgage and construction loans.
The issuer, based in Mexico City, is a mortgage company.
| Issuer: | Hipotecaria Su Casita SA de CV Sofol
|
| Amount: | $150 million
|
| Maturity: | Oct. 4, 2016
|
| Coupon: | 8½%
|
| Issue price: | Par
|
| Yield: | 8½%
|
| Call option: | Callable on Oct. 4, 2011 at 104.25
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 29
|
| Bookrunner: | Credit Suisse
|
| Ratings: | Moody's: Ba3
|
| S&P: BB-
|
© 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.
