By Paul A. Harris
Portland, Ore., Jan. 10 - Chile's Automotores Gildemeister SA priced a $300 million issue of 10-year senior notes (Ba2//BB) at par to yield 6¾% on Thursday, according to market sources.
The yield printed 12.5 basis points inside the low end of the 6 7/8% to 7% yield talk.
J.P. Morgan Securities LLC ran the books.
Automotores Gildemeister is an auto distributor based in Santiago, Chile.
| Issuer: | Automotores Gildemeister SA
|
| Amount: | $300 million
|
| Maturity: | Jan. 15, 2023
|
| Securities: | Senior notes
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Coupon: | 6¾%
|
| Price: | Par
|
| Yield: | 6¾%
|
| First call: | Jan. 15, 2018 at 103.38
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 15
|
| Ratings: | Moody's: Ba2
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6 7/8% to 7%
|
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