New bond issue: La Rioja (province) issued international bonds for USD 200.0m maturing in 2025 with a 9.75% coupon.

February 17, 2017 - Cbonds

 

La Rioja (province) issued international bonds for USD 200.0m maturing in 2025 with a 9.75% coupon. Bonds were sold at a price of 98.834% with an initial yield of 9.865%. Bookrunner: UBS.
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Issuer, issue numberLa Rioja (province), 9.75% 24feb2025, USD
Type of debt instrumentInternational bonds
Redemption typeAmortising
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 150,000
Amount200,000,000
ISINUSP6S52BAA07
End of placement02/15/2017
Initial issue price98.834
Yield at pricing9.865
Coupon9.75%
Coupon frequency2 time(s) per year
Settlement date02/24/2017
Maturity date02/24/2025
Issue ManagersBookrunner: UBS
Issuer: La Rioja (province)
Issuer profile:
Province of La Rioja is a province in the Cuyo Region of Northwest Argentina.
Outstanding issues:
1 issuesUSD200,000,000