Published on 7/23/2014 in the Prospect News Emerging Markets Daily.
New Issue: Senegal prices $500 million 10-year notes at par to yield 6¼%
By Christine Van Dusen
Atlanta, July 23 – Senegal sold $500 million 10-year notes (B1/B+/) at par to yield 6¼% on Wednesday, a market source said.
The notes were talked at a yield in the 6½% area.
Citigroup, Societe Generale CIB and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.
| Issuer: | Senegal
|
| Amount: | $500 million
|
| Maturity: | July 30, 2024
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Societe Generale CIB, Standard Chartered Bank
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Trade date: | July 23
|
| Settlement date: | July 30
|
| Ratings: | Moody’s: B1
|
| Standard & Poor’s: B+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6½% area
|
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