Biosev talks bonds, capital increase

Biosev talks bonds, capital increase

Brazil Equity Structured Finance Bonds

Biosev said it is evaluating raising funds in the equity capital markets or from a bond issue, as talk of a follow-on offering gathers pace.The Brazilian agroindustrial firm is favoring a potential BRL2bn ($626m) follow-on equity offering, said an ECM source in Sao Paulo. However, Biosev said in a regulatory filing that it has not ruled out issuing bonds.The company will use the proceeds from either potential transaction to repay debt, the source said.Biosev raised BRL814m from an IPO

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