September 6, 2012
Aruba has emerged with 4.875%-area yield guidance for a $253m 2023 bond, an
Aruba has emerged with 4.875%-area yield guidance for a $253m 2023 bond, and is expected to price as soon as today, according to sources following the transaction. The level follows 5.0% whispers. The bond, with a 10-year average life, will raise funds to repay debt and for general budgetary purposes. Credit Suisse and UBS are managing the sale, rated A minus/BBB. Aruba last visited the bond market in February 2008, pricing a $57.3m 5-year issue.