March 14, 2017 |
Bolivia has raised $1bn from the sale of 4.5% 2028 amortizing bonds,
reeling in the yield by 37.5bp from the initial price talk (IPTs) on Monday. The Ba3/BB- rated sovereign took $3bn
in orders after the leads set the IPTs at 237.5bp over US Treasuries, debt capital
markets sources said. The leads lowered the pricing at
guidance to 212.5bp over Treasuries, before launching at 200bp.
The notes priced at a yield of 4.613% and a reoffer price of 99.104.Bond buyers compared the Bolivian transaction
South American sovereign rides heavy demand from local investors to raise $1bn in 2028 notes