By Reshmi Basu
New York, May 15 - Brazilian private industrial conglomerate Camargo Correa SA sold $250 million 10-year notes (/BB/BB) at par to yield 7 7/8%, according to a market source.
The deal priced in line with price guidance that was in the 8% area.
The notes were issued via Camargo's financing unit, CCSA Finance Ltd.
Credit Suisse and BNP Paribas were leading the Rule 144A and Regulation S offering.
Proceeds will be used to repay debt and for general corporate purposes.
| Issuer: | CCSA Finance Ltd.
|
| Amount: | $250 million
|
| Issue: | Guaranteed notes
|
| Maturity: | May 17, 2016
|
| Coupon: | 7 7/8%
|
| Issue price: | Par
|
| Yield: | 7 7/8%
|
| Pricing date: | May 12
|
| Settlement date: | May 17
|
| Lead managers: | Credit Suisse, BNP Paribas
|
| Ratings: | Standard & Poor's: BB
|
| Fitch: BB
|
| Price guidance: | 8% area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
