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Market turmoil catches Unicomer bond

Jan 27, 2014

Central American retailer Regal Forest Holding, known as Unicomer, postponed a planned $300m 7NC4 bond on Friday as markets turned hostile, a source familiar with the deal said. Lead managers Citi, Deutsche Bank and BCP Securities had indicated on Thursday that the note would be priced at mid to high 8%...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management