By Rebecca Melvin
New York, July 31 – Aruba has priced $125 million of notes due 2029 at par to yield 6½%, or a yield spread of 355.1 basis points over 10-year Treasuries, according to a market source on Tuesday.
The private placement was priced by bookrunners Credit Suisse and CIBC, the source said.
Further details were not available.
| Issuer: | Aruba
|
| Issue: | Notes
|
| Amount: | $135 million
|
| Maturity: | 2029
|
| Bookrunners: | Credit Suisse and CIBC
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
| Spread: | 355.1 bps over Treasuries
|
| Announcement date: | July 31
|
| Distribution: | Private placement
|
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