March 25, 2010 - It is reported that Magnesita Refratarios SA on Thursday sold $400 million of senior 10-year notes in the 144a private placement market.
The size of the deal was increased from an originally planned $300 million.
JP Morgan, BB Securities, Bradesco BB and Itau Unibanco were the joint bookrunning managers for the sale.
BORROWER: MAGNESITA REFRATARIOS
AMT $400 MLN--------COUPON 7.875 PCT---------MATURITY 2020
TYPE SR NOTES-------ISS PRICE 99.151-----------FIRST PAY N/A
MOODY'S B1-----------YIELD 8.0 PCT---------------SETTLEMENT N/A
S&P BB-MINUS--------SPREAD 413 BPS------------PAY FREQ SEMI-ANNUAL
FITCH N/A--------------MORE THAN TREAS----------NON-CALLABLE 5 YRS
The size of the deal was increased from an originally planned $300 million.
JP Morgan, BB Securities, Bradesco BB and Itau Unibanco were the joint bookrunning managers for the sale.
BORROWER: MAGNESITA REFRATARIOS
AMT $400 MLN--------COUPON 7.875 PCT---------MATURITY 2020
TYPE SR NOTES-------ISS PRICE 99.151-----------FIRST PAY N/A
MOODY'S B1-----------YIELD 8.0 PCT---------------SETTLEMENT N/A
S&P BB-MINUS--------SPREAD 413 BPS------------PAY FREQ SEMI-ANNUAL
FITCH N/A--------------MORE THAN TREAS----------NON-CALLABLE 5 YRS
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