New Issue: Brazil's OAS sells $375 million add-on to 8¼% notes due 2019 at 99.25

By Christine Van Dusen

Atlanta, Oct. 21 - Brazil's OAS SA priced a $375 million add-on to its existing 8¼% notes due Oct. 9, 2019 (expected ratings: B1/BB-/B+) at 99.25 to yield 8.412%, or Treasuries plus 644.3 basis points, a market source said.

BB Securities, BNP Paribas, Bradesco BBI, BTG Pactual, HSBC, Itau BBA and Santander were the bookrunners for the Rule 144A and Regulation S deal.

This brings the deal total to $875 million.

OAS is a Sao Paulo-based infrastructure company.

Issuer:	OAS SA
Amount:	$375 million
Maturity:	Oct. 9, 2019
Description:	Notes
Bookrunners:	BB Securities, BNP Paribas, Bradesco BBI, BTG Pactual, HSBC, Itau BBA, Santander
Coupon:	8¼%
Price:	99.25
Yield:	8.412%
Spread:	Treasuries plus 644.3 bps
Trade date:	Oct. 17
Settlement date:	Oct. 24
Expected ratings:	Moody's: B1
	Standard & Poor's: BB-
	Fitch: B+
Distribution:	Rule 144A and Regulation S

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