By Aaron Hochman-Zimmerman
New York, July 30 - Servicios Corporativos Javer SAPI de CV announced the pricing of $180 million of five-year senior unsecured bonds (Ba3//BB-) at par to yield 13%, according to a market source.
Credit Suisse and Bank of America Merrill Lynch acted as bookrunners for the Rule 144A and Regulation S deal.
There is a change of control put at 101.
Servicios Corporativos Javer is a home builder based in Nuevo Leon.
| Issuer: | Servicios Corporativos Javer SAPI de CV
|
| Issue: | Senior unsecured bonds
|
| Amount: | $180 million
|
| Maturity: | Aug. 4, 2014
|
| Coupon: | 13%
|
| Price: | Par
|
| Yield: | 13%
|
| Bookrunners: | Credit Suisse, Bank of America Merrill Lynch
|
| Distribution: | Rule 144A, Regulation S
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Ratings: | Moody's: Ba3
|
| Fitch: BB-
|
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