New Issue: Latin America's Sura sells $500 million 4 7/8% 10-year notes at 230 bps spread

By Christine Van Dusen

Atlanta, April 14 - Colombia's Sura Asset Management priced $500 million 4 7/8% 10-year notes (expected ratings: Baa2/BBB+/) at 99.57 to yield 4.93%, or Treasuries plus 230 basis points, a market source said.

BofA Merrill Lynch and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.

Sura is a pension fund administrator in Latin America, with main operations in Chile, Mexico, Peru and Colombia.

Issuer:	Sura Asset Management
Amount:	$500 million
Maturity:	April 17, 2024
Description:	Notes
Bookrunners:	BofA Merrill Lynch, Morgan Stanley
Coupon:	4 7/8%
Price:	99.57
Yield:	4.93%
Spread:	Treasuries plus 230 bps
Trade date:	April 11
Settlement date:	April 17
Expected ratings:	Moody's: Baa2
	Standard & Poor's: BBB+
Distribution:	Rule 144A and Regulation S

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