Paraguayan Dials in Robust Demand

Dec 7, 2012

Telefonica Celular del Paraguay (Telecel) has priced a $300m 2022 NC5 bond in a debut transaction that signifies a continued broadening of DCM access for Paraguayan credits. The first non-bank international issuer from Paraguay drew $4bn in orders and saw a pop in the aftermarket. The BB telecom priced at par with a 6.75% coupon to yield tight to the low 7%-area initial price thoughts. The bond traded up 2-3 points in the...

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