Globoaves shelves bond plans

Globoaves shelves bond plans

Bonds

Brazilian poultry biotech and breeding company Globoaves has postponed plans to sell a $200m bond, a market source said. BCP Securities, BTG Pactual and Santander released initial price thoughts of mid-11% area for the possible bond sale on Wednesday, following a two-week roadshow. Although there was considerable interest, the proposed deal did not gain traction among investors, LatinFinance understands. The company is considering a number of funding options, and a dollar-denominated bond is sti

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