New York, April 19 - Banco Hipotecario SA priced an upsized $250 million of 10-year 9¾% senior notes (/B/) at 99.217 to yield 9 7/8% Wednesday.
The deal was increased from $200 million but came at the wide end of the 9¾% to 9 7/8% talk.
Deutsche Bank and Citigroup are joint bookrunners for the Rule 144A and Regulation S transaction.
Based in Buenos Aires, Argentina, Banco Hipotecario is the country's largest mortgage lender.
| Issuer: | Banco Hipotecario SA
|
| Issue: | Senior notes
|
| Amount: | $250 million
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| Maturity: | 10 years
|
| Coupon: | 9¾%
|
| Price: | 99.217
|
| Yield: | 9 7/8%
|
| Call: | Non-callable
|
| Ratings: | S&P: B
|
| Bookrunners: | Deutsche Bank, Citigroup
|
| Pricing date: | April 19
|
| Settlement: | April 27
|
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