Mastellone sets price for exchange bond

Mastellone sets price for exchange bond

Bonds

Mastellone Hermanos has fixed the yield on a new $200m 2021 bond to be issued as part of an exchange offer at 12.625%, it said on Tuesday. The paper is callable above par annually from 2018, and at par in 2020. Mastellone is offering the bond to existing creditors, in exchange for the $124m outstanding in the A series of a 2018 note. The swap comes at par, including a 50c premium for bondholders who subscribe before the earlybird deadline today. The 2018 paper, sold as part of a similar exchange

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