January 9, 2018 |
JSL added $300m to its 7.75% 2024 non-call three bond on Monday, taking the total outstanding to $625m, DCM sources confirmed.
The Brazilian logistics company retained JPMorgan, Morgan Stanley and Santander as global coordinators. Leads started price talk in the 7% area before tightening yield at guidance to 6.75% and later pricing the retap at the same level, sources said.
Proceeds will refinance debt and go towards general corporate purposes.
Fitch Ratings rated the reopening BB, saying the no
Brazilian logistics firm adds $300m more to its debut cross-border bond, pricing tight to initial price talk