July 11, 2022 |
Ecuadorian lender Banco Pichincha issued $300 million worth of seven-year, dollar-denomiated bonds backed by diversified payment rights (DPRs) in a private placement on Thursday, according to a source familiar with the deal.
The new 2029 notes priced at par and carried a coupon of 9.95% with Goldman Sachs as the sole bookrunner to lead the sale, according to information from Bloomberg.
Fitch assigned the notes a BB- rating, based on likelihood that the lender will remain in operation as the bond
Quito-based lender issues $300 mln in seven-year DPRs in a deal led by Goldman Sachs