May 17, 2018 |
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
Paraguayan bank follows Camposol, cancels liability management exercise for its 8.125% paper