By Reshmi Basu
New York, Jan. 25 - First Investment Bank Bulgaria priced an upsized €200 million offering of three-year bonds (Ba3/B+) at 99.482 with a 7½% coupon to yield 7.70%, according to a market source.
The deal, increased from €100 million, came in tighter than initial price guidance of 7¾%.
ABN Amro and Dresdner Kleinwort Wasserstein ran the Regulation S deal.
First Investment Bank is based in Sofia, Bulgaria.
| Issuer: | First Investment Finance BV
|
| Guarantor: | First Investment Bank AD
|
| Amount: | €200 million
|
| Maturity: | Feb. 1, 2008
|
| Coupon: | 7½%
|
| Issue price: | 99.482
|
| Yield: | 7.70%
|
| Spread: | Mid-swaps plus 495 basis points
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Bookrunners: | ABN Amro, Dresdner Kleinwort Wasserstein
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: B+
|
| Price guidance: | 7¾%
|
|
|
© 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.
