By Rebecca Melvin
New York, Feb. 8 – Creditvalores-Crediservicios SAS priced a $75 million tap of its 9¾% notes due 2022 at 104 to yield 8¾%, according to a market source on Thursday.
Pricing of the Rule 144A and Regulation S notes was initially set at the high 8% area and guided to 8¾% during marketing.
BCP Securities LLC was the bookrunner for the deal, which will add to an existing $250 million issue that priced July 20, boosting the new total for the issue to $325 million.
Creditvalores is a Bogota, Colombia-based consumer lender.
| Issuer: | Creditvalores-Crediservicios SAS
|
| Issue: | Senior notes
|
| Amount: | $75 million add-on
|
| Maturity: | July 27, 2022
|
| Bookrunner: | BCP Securities LLC
|
| Coupon: | 9¾%
|
| Price: | 104
|
| Yield: | 8¾%
|
| Calls | Non-callable for three years
|
| Trade date: | Feb. 8
|
| Settlement date: | Feb. 12
|
| Ratings: | S&P: B+
|
| Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 8¾% revised from high 8% area
|
| Total issue size: | $325 million, including $250 million priced July 20, 2017
|
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