By Aaron Hochman-Zimmerman
New York, June 11 - Comtech sold a $150 million offering of four-year notes to yield 10%.
The deal priced at par for a spread of 55 basis points over two-year Treasuries.
Trust Investment Bank brought the Regulation S deal to market.
The notes are due June 19, 2011 and are putable on June 19, 2009.
Comtech is a Moscow-based mining and metals company.
Issuer: Comtech
Amount: $150 million
Issue: Four-year notes
Maturity: June 19, 2011
Coupon: 10%
| Price: | Par
|
| Yield: | 10%
|
| Spread: | Two-year Treasuries plus 55 bps
|
| Put: | June 19, 2009
|
| Bookrunner: | Trust Investment Bank
|
| Pricing date: | June 8
|
| Settlement date: | June 19
|
| Distribution: | Regulation S
|
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