HY Sugar Processor Targets Bond

HY Sugar Processor Targets Bond

Brazil Bonds

Brazilian sugarcane processor Tonon Bioenergia plans to meet fixed-income investors beginning this week in Europe, Latin America and the US, testing the market for a debut $200m 7NC4 dollar bond. The roadshow begins in Santiago today, followed by visits to New York, Los Angeles and London before finishing in Boston January 15. BTG Pactual, Itau, and Santander are managing the B/B sale. S&P notes a weak business risk profile, high leverage and less than adequate liquidity. However, investment fro

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