By Colin Hanner
Chicago, April 7 – Africa Finance Corp. priced $500 million of 3 7/8% seven-year notes to yield 4% on Thursday, a market source said.
Price talk for the deal had been in the 4 1/8% to 4¼% area, the source said. Another market source said price talk was in the 4 3/8% area.
The deal was oversubscribed at $2.7 billion, a market source said, five times the final amount of the deal.
Citibank, JPMorgan, MUFG and Standard Chartered were the bookrunners on the deal.
Africa Finance is Lagos, Nigeria-based infrastructure-financing entity.
| Issuer: | Africa Finance Corp.
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | April 24, 2024
|
| Bookrunners: | Citigroup, JPMorgan, MUFG, Standard Chartered
|
| Coupon: | 3 7/8%
|
| Yield: | 4%
|
| Pricing date: | April 6
|
| Settlement date: | April 13
|
| Price talk: | 4 1/8% to 4¼%
|
© 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.
