By Christine Van Dusen
Atlanta, April 30 - Colombia's Oleoducto Central SA (Ocensa) priced $500 million 4% seven-year notes (expected ratings: Baa3/BBB/) on Wednesday at 99.367 to yield Treasuries plus 185 basis points, a market source said.
The notes were talked in the Treasuries plus 225 bps area.
Citigroup and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
The issuer is a Bogota-based owner and operator of crude oil pipelines and oil terminals.
| Issuer: | Oleoducto Central SA (Ocensa)
|
| Amount: | $500 million
|
| Maturity: | May 7, 2021
|
| Description: | Notes
|
| Bookrunners: | Citigroup, HSBC
|
| Coupon: | 4%
|
| Price: | 99.367
|
| Spread: | Treasuries plus 185 bps
|
| Trade date: | April 30
|
| Settlement date: | May 7
|
| Expected ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 225 bps area
|
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