Brazilians Lead Borrowers Back into Action

Brazilians Lead Borrowers Back into Action

Brazil Bonds

The cross-border debt capital markets continued to show signs of revival following disruptions to the US markets earlier this week, with Usina Sao Joao Acucar e Alcool (USJ) set to price a new bond as soon as today, and fellow Brazilians Cielo and Marfrig heading out to visit investors. USJ has revised yield guidance from mid-10% range to 10.375% for a 2019 NC4 expected to be $200m-$300m, according to sources familiar with the sale. Credit Suisse, HSBC and Itau are managing the BB minus/BB minus

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