By Christine Van Dusen and Paul A. Harris
Atlanta, Dec. 15 - The Republic of Senegal priced $200 million 8¾% notes (/B+/) due Dec. 22, 2014 at 98.034 to yield 9¼%, or Treasuries plus 691 basis points, according to an informed market source.
Citigroup and Standard Bank were the bookrunners for the Regulation S deal, which was Senegal's first dollar-denominated bond.
Proceeds will be used to finance a portion of the Dakar-Diamniadio toll road and other projects.
| Issuer: | The Republic of Senegal
|
| Amount: | $200 million
|
| Maturity: | Dec. 22, 2014
|
| Bookrunners: | Citigroup, Standard Bank
|
| Coupon: | 8¾%
|
| Price: | 98.034
|
| Yield: | 9¼%
|
| Spread: | Treasuries plus 691 bps
|
| Trade date: | Dec. 15
|
| Settlement date: | Dec. 22
|
| Rating: | Standard & Poor's: B+
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
