Camposol retaps 2017 at a discount

Camposol retaps 2017 at a discount

Bonds

Peruvian agribusiness firm Camposol priced the $75m reopening of its 9.875% $125m 2017 bond on Thursday at a cash price of 101.5. That marked a 1-point discount to secondary levels, and equated to a yield of 9.234%. The deal was heard to be 1.6 times subscribed. The bond was seen trading at 102.5 ahead of the reopening, and was spotted at 101.75 to 102 after pricing. Lead managers Credit Suisse, Santander and Scotiabank began taking orders on Wednesday, with price indications of 101.5. The deal

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