Regional terminates tender for 2019s

Regional terminates tender for 2019s

Capital Markets Fixed Income Paraguay

Banco Regional has terminated a tender offer for any and all of its 8.125% 2019 bonds, the Paraguayan bank said in a statement. Citi and JPMorgan were dealer managers on the liability management exercise, which Regional opted to extend earlier this month. Regional has $300m in outstanding 8.125% 2019s, bonds it placed in January 2014. The bank was offering bondholders $1,038 for every $1,000 exchanged in principal. S&P Global Ratings affirmed the Paraguayan bank's rating at BB with a stable

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