Market turmoil catches Unicomer bond

Market turmoil catches Unicomer bond

Bonds

Central American retailer Regal Forest Holding, known as Unicomer, postponed a planned $300m 7NC4 bond on Friday as markets turned hostile, a source familiar with the deal said. Lead managers Citi, Deutsche Bank and BCP Securities had indicated on Thursday that the note would be priced at mid to high 8% yield. Another source said Unicomer was unlucky to be caught in Friday’s volatile markets and that the company’s plans to issue debt were made more complicated by perceived vulnerabilities in its

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