By Paul A. Harris
Portland, Ore., May 9 – Argentina’s Neuquen Province priced a $235 million offering of 8 5/8% 12-year notes at par, a market source said on Monday.
The notes were talked in the 9˝% area.
Deutsche Bank and JPMorgan were the bookrunners.
The proceeds will be used to make an exchange offer on the province’s outstanding 7 7/8% notes due in 2021.
| Issuer: | Neuquen Province
|
| Amount: | $235 million
|
| Maturity: | May 12, 2028
|
| Securities: | Notes
|
| Bookrunners: | Deutsche Bank, JPMorgan
|
| Coupon: | 8 5/8%
|
| Price: | Par
|
| Yield: | 8 5/8%
|
| Announcement date: | May 9
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 9˝%
|
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