Paranapanema said to step back from bond

Paranapanema said to step back from bond


Paranapanema is heard to have postponed the sale of a 5-year non-call 3 bond as investors turned their backs on the company’s plan to issue debt at terms considered “too tight”. BB Securities, Bradesco and Deutsche Bank were heard to give price indications of high 8% area on Wednesday, according to sources. Investors said they were expecting the deal on Wednesday, but it was not completed. “It’s going to be difficult to price a deal now at the level they want, and it will be complicated for them

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