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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
Maturity:2025
Description:Notes
Bookrunners:Citigroup, HSBC, Santander
Coupon:8¾%
Price:98.726
Yield:9%
Trade date:Feb. 1
Expected ratings:S&P: B-
Fitch: B

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