Camposol asks to reopen 2017 bond

Camposol asks to reopen 2017 bond

Bonds

Peruvian agribusiness firm Camposol could reopen its 9.875% $125m 2017 bond to raise a further $75m, according to a ratings report issued on Friday. Camposol has approached the bondholders with a consent solicitation deal, asking them to waive a debt ceiling clause in the bond documentation. It is offering a 50-cent consent solicitation fee to bondholders that agree to lift the debt limit. The company wants to tap the bond before May 15. Credit Suisse and Santander are managing the transaction.

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