By Aleesia Forni
Columbus, Ohio, March 16 - Transportadora de Gas Internacional SA ESP priced a $750 million offering of 5.7% 10-year notes (Baa3/BB/BB+) at par, according to a syndicate source.
Price talk was for a yield of 5 7/8%.
Citigroup and Credit Suisse are the bookrunners for the Bucaramanga, Colombia-based natural gas company's deal.
Proceeds will be used to fund the company's current tender offers on its notes maturing in 2017.
The Rule 144A and Regulation S notes come with five years of call protection.
| Issuer: | Transportadora de Gas Internacional SA ESP
|
| Amount: | $750 million
|
| Maturity: | March 20, 2022
|
| Securities: | Notes
|
| Bookrunners: | Citigroup, Credit Suisse
|
| Coupon: | 5.7%
|
| Price: | Par
|
| Yield: | 5.7%
|
| Spread: | Treasuries plus 342.6 bps
|
| Call protection: | Five years
|
| Trade date: | March 16
|
| Settlement date: | March 20
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BB
|
| Fitch: BB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5 7/8%
|
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