April 30, 2013
Brazil’s Aralco plans to reattempt a debut cross-border bond, according to
Brazil’s Aralco plans to reattempt a debut cross-border bond, according to people following the process, with pricing as soon as today. The B/B sugar and ethanol producer located in the state of Sao Paulo has put out 10.25%-area guidance for a 2020 NC3. The terms have shifted from the 9.5%-area 2020 NC4 it had been shopping after meeting investors and deciding to postpone April 17. Credit Suisse, HSBC, Itau, Banco Pine and Banco Votorantim are managing.