January 21, 2021 |
Paraguay came to the international debt market with a two-part deal worth $826 million on Wednesday, raising money to fund the budget for 2021 and to buy back most of its 4.625% 2023 bonds, according to sources following the deal.
The South American landlocked nation placed $600 million in new 11-year bonds and added $226 million to its 5.4% 2050 notes. It priced the 2033 bonds at par to yield 2.739%, or 165 basis points over US Treasury notes, and priced the 2050 tap to yield 4.089%, equal to a
South American country raises $826 mln for a buyback in a two-part deal