By Aleesia Forni
Columbus, Ohio, March 29 - Banco Latinoamericano de Comercio Exterior SA (Bladex) (Baa2/BBB/BBB) priced an upsized $400 million issue of 3¾% five-year senior notes at Treasuries plus 287.5 basis points on Wednesday, according to a syndicate source.
The notes priced on top of talk, which was tightened from initial guidance of Treasuries plus 312.5 bps for a $250 million issue of notes.
The notes priced at 99.271 to yield 3.912%.
Proceeds will be used for general corporate purposes.
Bank of America Merrill Lynch and Credit Suisse were the bookrunners for the Panama City-based bank's Regulation S deal.
| Issuer: | Banco Latinoamericano de Comercio Exterior SA
|
| Issue: | Senior unsecured notes
|
| Amount: | $400 million
|
| Maturity: | April 4, 2017
|
| Bookrunners: | Bank of America Merrill Lynch, Credit Suisse
|
| Coupon: | 3¾%
|
| Price: | 99.271
|
| Yield: | 3.912%
|
| Spread: | Treasuries plus 297.5 bps
|
| Trade date: | March 28
|
| Settlement date: | April 4
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 287.5 bps, tightened from Treasuries plus 312.5 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
