|Status||Country of risk||Maturity (option)|
This field shows outstanding face value amount for outstanding bonds
|Issue ratings (M/S&P/F)|
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|Borrower||Arcos Dorados Holdings|
|Bond type||Coupon bonds|
|Placement method||Open subscription|
We received net proceeds of approximately $252.8 million, after deducting commissions and expenses of the offering that were payable by us. The company intends to apply the net proceeds to satisfy our capital expenditure program, including to open and reimage restaurants, and for general corporate purposes. We are also analyzing the possibility, subject to market and other conditions, of unwinding our cross-currency swaps, in which case we may use a portion of the net proceeds from this offering to pay amounts due thereunder.
|Par amount, integral multiple||1,000 BRL|
|Nominal of international bonds||1,000 BRL|
|Minimum settlement amount||250,000 BRL|
|Outstanding principal amount||0 BRL|
|Amount Outstanding||200,991,000 BRL|
|Current coupon rate||10.25%|
|Day count fraction||***|
|Coupon frequency||2 time(s) per year|
|Interest accrual date||**/**/****|
|Trading floor||Date and time||Bid/ ask price (Yield)|
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
|07/12/2016||*** / *** (*** / ***)||*** (***)||***||***||Archive|
|Supranational bond issues|
|ISIN / ISIN RegS||USG0457FAA50|
|CUSIP / CUSIP RegS||G0457FAA5|
|Common Code / Common Code RegS||064957139|
|Common Code 144A||064956639|
|CFI / CFI RegS||DBFUGR|
|FIGI / FIGI RegS||BBG001WBMD22|
|WKN / WKN RegS||A1GTPG|
|Ticker||ARCO 10.25 07/13/16 REGS|
|Issuer rating on issue date (M/S&P/F)||***/***/***|
|Placement||**/**/**** - **/**/****|
|Initial issue amount||***,***,***|
|Initial issue price (yield)||***% (**.**%)|
|Bookrunner:||Bank of America Merrill Lynch, Itau Unibanco Holdings, JP Morgan, Credit Suisse|
|Paying agent:||Citibank N.A.|
|Depository:||Clearstream Banking S.A., Euroclear Bank|
|№||Date||Placed amount/buyback (par), m||Weighted average price||Weighted average yield, %||Placement participants|
Bookrunner: Bank of America Merrill Lynch, Credit Suisse