By Christine Van Dusen
Atlanta, May 13 - West Africa-focused Frigoglass SAIC priced €250 million five-year notes at par to yield 8¼%, a market source said.
Citigroup and HSBC were the bookrunners for the deal.
Note proceeds will be used to refinance existing short-term debt.
The company is based in Athens, Greece, and is a leading glass producer in West Africa. Frigoglass also has operations in Romania, Russia, Turkey, India, China and Indonesia.
| Issuer: | Frigoglass SAIC
|
| Amount: | €250 million
|
| Maturity: | May 15, 2018
|
| Description: | Notes
|
| Bookrunners: | Citigroup, HSBC
|
| Coupon: | 8¼%
|
| Price: | Par
|
| Yield: | 8¼%
|
| Trade date: | May 13
|
| Settlement date: | May 20
|
| Rating: | Moody's: B1
|
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