By Rebecca Melvin
New York, April 12 – Brazil’s RioPrevidencia priced $600 million of 10-year notes with an 8.2% coupon at par on Thursday, according to a New York-based market source.
Pricing came tight compared to initial talk for a yield in the mid-8% area.
BB Securities and BNP Paribas were bookrunners for the Rule 144A and Regulation S deal.
The company is the public pension fund for Rio de Janeiro.
| Issuer: | RioPrevidencia
|
| Issue: | Notes
|
| Amount: | $600 million
|
| Maturity: | April 2028
|
| Bookrunners: | BB Securities and BNP Paribas
|
| Coupon: | 8.2%
|
| Price: | Par
|
| Yield: | 8.2%
|
| Trade date: | April 12
|
| Distribution: | Rule 144A and Regulation S
|
| Initial talk: | Mid-8% area
|
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