Brazilian Postpones HY Bond

Brazilian Postpones HY Bond

Biosev has decided to postpone a $300m bond transaction, according to people following the sale, after coming out with 11%-12% yield guidance Tuesday. The Brazilian sugar, ethanol and bioenergy unit of Louis Dreyfus Commodities had been targeting a new senior unsecured 7-year NC4 bond, following an international roadshow. Banco do Brasil, BNP Paribas, Bradesco, Citi, HSBC and Itau were managing the transaction, to be issued by Biosev Finance International. Many issuers are remaining on the sidel

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