Published on 1/26/2018 in the Prospect News Emerging Markets Daily.
New Issue: Agua y Saneamientos Argentinos prices $500 million 6 5/8% five-year notes at par
By Rebecca Melvin
New York, Jan. 26 – Agua y Saneamientos Argentinos SA has priced $500 million of five-year notes at par on Thursday to yield 6 5/8%, according to a market source.
Citigroup, Deutsche Bank and HSBC were the bookrunners for the Regulation S offering of senior notes.
The company is the largest water utility in Argentina and majority owned by the republic.
| Issuer: | Agua y Saneamientos Argentinos SA
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Feb. 1, 2023
|
| Bookrunners: | HSBC, Citigroup and Deutsche Bank
|
| Coupon: | 6 5/8%
|
| Price: | Par
|
| Yield: | 6 5/8%
|
| Trade date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Distribution: | Regulation S
|
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