Fixed Income Issuances

International Bonds (144 A / Reg S)

Credivalores
Credivalores

On July 27, 2017 Credivalores-Crediservicios issued its inaugural 144 A / Reg S senior unsecured bond in the international capital markets for an amount of US$250 million due in 2022. Then, in February 2018, Credivalores reopened this bond for an additional US$75 million. In February 2020, Credivalores issued a new bond in the international capital markets for US$300 million due in 2025.

Below you will find the general conditions of the outstanding bond issuances:

Credivalores

9.75% Bond due July 27, 2022

Issuer Credivalores- Crediservicios S.A.
Ranking Senior Unsecured
Credit Rating B+ (S&P) / B+ (Fitch)
Format 144 A / Regulation S
Principal Issued US$325 million
Principal Outstanding US$170.3 million
Structure / Maturity 5NC3 / July 27, 2022
Coupon 9.75% (30/360) / Semi-annual
Yield / Price 10% / 99.035
Optional Redemption Make Whole T + 50bps prior to July 27, 2020 / $104.875 on and after July 27 / 2020 $102.438 on and after July 27, 2021
Use of Proceeds Refinancing of existing indebtedness (including mostly secured debt) and general corporate purposes
Minimum Denomination US$200.000 x US$1.000
Settlement Date July 27, 2017
Listing Singapore Stock Exchange
Governing Law New York
Joint Bookrunners Credit Suisse and BCP Securities
Paying agent and Trustee The Bank of New York
ISIN 144 A US22555LAA44 / Reg S USP32086AL73
CUSIP 144A 22555L AA4 / Reg S P32086 AL7

Offering Memorandum 9.75% bond due 2022

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Offering Memorandum 9.75% bond due 2022- Reopening

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8.875% Bond due February 7, 2025

Issuer Credivalores- Crediservicios S.A.
Ranking Senior Unsecured
Credit Rating B (S&P) / B+ (Fitch)
Format 144 A / Regulation S
Principal US$300 million
Structure / Maturity 5NC3 / February 7, 2025
Coupon 8.875% (30/360) / Semi-annual
Yield / Price 9% / 99.505
Optional Redemption Make Whole T + 50bps prior to February 7, 2023 / $104.438 on and after February 7 / 2023, $102.219 on and after February 7, 2024
Use of Proceeds Proceeds were used to pay Credit Suisse for the exchange of 2022 Senior Notes purchased by Credit Suisse in connection with the Tender Offer. The remaining funds were used for repayment of debt and general corporate purposes.
Minimum Denomination US$200.000 x US$1.000
Settlement Date February 7, 2020
Listing Singapore Stock Exchange
Governing Law New York
Joint Bookrunners Credit Suisse and Morgan Stanley
Co-Manager BCP Securities
Paying agent and Trustee The Bank of New York
ISIN 144 A US22555LAB27 / Reg S USP32086AR44
CUSIP 144A 22555L AB2 / Reg S P32086 AR4

Offering Memorandum 8.875% bond due 2025

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