Published on 4/15/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Brazil's Hypermarcas sells $750 million 6½% 10-year notes to yield 6¾%
By Christine Van Dusen
Atlanta, April 15 - Brazil's Hypermarcas SA sold $750 million 6½% 10-year notes at 98.203 to yield 6¾% on Friday, a market source said.
Bradesco BBI, Citigroup, HSBC, Itau and JPMorgan were the bookrunners for the Rule 144A and Regulation S transaction.
Proceeds will be used to repay debt, for working capital and for general corporate purposes.
Hypermarcas is a health and personal care products manufacturer based in Sao Paulo.
| Issuer: | Hypermarcas SA
|
| Amount: | $750 million
|
| Maturity: | April 20, 2021
|
| Description: | Notes
|
| Bookrunners: | Bradesco BBI, Citigroup, HSBC, Itau, JPMorgan
|
| Coupon: | 6½%
|
| Price: | 98.203
|
| Yield: | 6¾%
|
| Trade date: | April 15
|
| Settlement date: | April 20
|
| Distribution: | Rule 144A and Regulation S
|
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