Published on 1/22/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Peru's Banco Continental prices $300 million 3¼% notes due 2016 to yield 2.314%
By Christine Van Dusen
Atlanta, Jan. 22 - Peru's BBVA Banco Continental sold $300 million 3¼% notes due July 29, 2016 (/BBB/BBB+) at 99.786 to yield 2.314%, a market source said.
Bank of America Merrill Lynch, BBVA and Citigroup were the bookrunners for the Rule 144A and Regulation S deal.
BBVA Banco Continental is a lender based in Lima.
| Issuer: | Banco Continental SA
|
| Amount: | $300 million
|
| Maturity: | July 29, 2016
|
| Description: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, BBVA, Citigroup
|
| Coupon: | 3¼%
|
| Price: | 99.786
|
| Yield: | 2.314%
|
| Trade date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Ratings: | Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
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