PTA Bank prices $300m debut

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PTA Bank prices $300m debut

November 05, 2010 12:00 AM

PTA Bank (Eastern and Southern African Trade and Development Bank) sold a $300m six year note on Thursday, its debut international bond. The note was priced at 98.909 with a coupon of 6.875% to yield 7.125%. HSBC and Standard Bank arranged the deal.

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