Clisa Closes in on Buyback

Clisa Closes in on Buyback

Argentina

Argentina’s Clisa has issued 10.75%-11.00% yield guidance on the sale of new 6-year bonds, which is accompanying a debt exchange offer swapping 2012 bonds for the new 2016s. Pricing on the bonds, which will have a 9.5% coupon and amortize in three equal parts in years 3, 4, and 5, is slated for Friday, when the exchange offer closes, according to an investor. In an offer launched last month, the infrastructure company had reached $90.90m (90.90%) acceptance in the offer to holders of $100.00m in

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