By Christine Van Dusen
Atlanta, Nov. 15 - Peru's BBVA Banco Continental SA priced $350 million 5½% notes due Nov. 18, 2020 at 99.22 to yield 5.603%, or Treasuries plus 300 basis points, a market source said.
Credit Suisse, Deutsche Bank and BBVA were the bookrunners for the Rule 144A and Regulation S transaction.
Proceeds will be used for general corporate purposes.
BBVA Banco Continental is a lender based in Lima.
| Issuer: | BBVA Banco Continental SA
|
| Amount: | $350 million
|
| Maturity: | Nov. 18, 2020
|
| Description: | Senior notes
|
| Bookrunners: | Credit Suisse, Deutsche Bank, BBVA
|
| Coupon: | 5½%
|
| Price: | 99.22
|
| Yield: | 5.603%
|
| Spread: | Treasuries plus 300 bps
|
| Call features: | Non-callable
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 18
|
| Rating: | Standard & Poor's: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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