By Rebecca Melvin
New York, March 29 – Telefonica Celular del Paraguay SA (TeleCel) priced $300 million of 5 7/8% notes due 2027 at par, according to a market source on Friday.
The notes are non-callable for three years.
BBVA, BNP Paribas, Citigroup and Itau were bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to finance a tender offer for its 6¾% notes due 2022.
TeleCel is a communications company based in Fernando de la Mora, Paraguay.
| Issuer: | Telefonica Celular del Paraguay SA
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | April 15, 2027
|
| Bookrunners: | BBVA, BNP Paribas, Citigroup and Itau
|
| Coupon: | 5 7/8%
|
| Price: | Par
|
| Yield: | 5 7/8%
|
| Call: | Non-callable for three years
|
| Trade date: | March 28
|
| Distribution: | Rule 144A and Regulation S
|
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