Published on 2/2/2017 in the Prospect News Emerging Markets Daily.
New Issue: Entre Rios prices $350 million 8¾% notes due 2025 to yield 9%
By Christine Van Dusen
Atlanta, Feb. 2 – The Argentine province of Entre Rios priced a $350 million issue of 8¾% notes due 2025 (expected ratings: /B-/B) at 98.726 to yield 9% on Wednesday, a market source said.
Citigroup, HSBC and Santander were the bookrunners for the deal.
Issuer: | Entre Rios
|
Amount: | $350 million
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Maturity: | 2025
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Description: | Notes
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Bookrunners: | Citigroup, HSBC, Santander
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Coupon: | 8¾%
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Price: | 98.726
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Yield: | 9%
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Trade date: | Feb. 1
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Expected ratings: | S&P: B-
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| Fitch: B
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