By Cristal Cody
Chicago, Jan. 13 – Agrosuper SA priced $500 million of 4.6% 10-year notes (//BBB-) at par on Wednesday, according to a report from a market source.
Pricing came lower than initial price talk in the 4 7/8% to 5% area.
Bookrunners for the notes were BofA Securities, Inc. and JPMorgan.
Proceeds are expected to be used for debt repayment and general corporate purposes, according to Fitch Ratings.
Based in Rancagua, Chile, the issuer is a meat product manufacturing company.
| Issuer: | Agrosuper SA
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| Amount: | $500 million
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| Issue: | Notes
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| Maturity: | Jan. 20, 2032
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| Bookrunners: | BofA Securities, Inc. and JPMorgan
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| Coupon: | 4.6%
|
| Price: | Par
|
| Yield: | 4.6%
|
| Trade date: | Jan. 12
|
| Rating: | Fitch: BBB-
|
| Price talk: | 4 7/8% to 5% area
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