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, 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 Legal Adviser (International law): Cleary Gottlieb Steen & Hamilton Issuer Legal Adviser (Domestic law): Bruchou, Fernandez Madero & Lombardi Arranger Legal Adviser (International law): Skadden, Arps, Slate, Meagher & Flom Arranger Legal Adviser (Domestic law): Tavarone, Rovelli, Salim & Miani Trustee: BNY Mellon Paying agent: BNY Mellon
Trading floorLuxembourg S.E.
Issuer: La Rioja
Issuer profile:
Province of La Rioja is a province in the Cuyo Region of Northwest Argentina.
Outstanding issues:
1 issuesUSD200,000,000
Issuer rating:
S&P Global RatingsB/StableForeign Currency LT04/04/2017
S&P Global RatingsB/StableLocal Currency LT04/04/2017
Fitch RatingsB/StableLT Int. Scale (foreign curr.)12/14/2016
Fitch RatingsB/StableLT Int. Scale (local curr.)12/14/2016
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