Dasa Ditches Dollar Bonds

Dasa Ditches Dollar Bonds

Brazil Bonds

Brazil’s Diagnosticos da America (Dasa) is looking to buy back its only outstanding dollar bond issue, and has launched a tender offer to holders of the 8.75% of 2018 notes. The medical diagnostics company is offering to pay holders $1,150 per $1,000 principal if they accept before December 1, or $1,120 per $1,000 after. The offer expires December 15. Dasa plans to cover the costs of the repurchase with local bank loans and credit lines, according to a banker on the trade. Itau is managing the o

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