By Aaron Hochman-Zimmerman
New York, Aug. 5 - Alestra SA priced $200 million five-year senior unsecured note (B1/B+/BB-) at par to yield 11¾%, according to a market source.
The bonds were originally talked at 12%, but talk was revised to 11¾%.
Citigroup and Morgan Stanley acted as bookrunners for the Rule 144A and Regulation S deal.
Alestra is a San Pedro Garza Garcia, Mexico-based telecommunications firm.
| Issuer: | Alestra SA
|
| Issue: | Senior unsecured notes
|
| Amount: | $200 million
|
| Maturity: | 2014
|
| Bookrunners: | Citigroup, Morgan Stanley
|
| Coupon: | 11¾%
|
| Price: | Par
|
| Yield: | 11¾%
|
| Pricing date: | Aug. 5
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: B+
|
| Fitch: BB-
|
| Price talk: | 11¾%, revised from 12%
|
| Distribution: | Rule 144A and Regulation S
|
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