May 16, 2018 |
Camposol said it has terminated a tender offer to purchase any and all of its outstanding 10.5% 2021 bonds after extending the exercise twice in the last two weeks.
The Peruvian agribusiness said in a statement that financing conditions had "not been satisfied." The terminated liability management exercise also rules out any possible new bond issuance.
Camposol postponed a potential sale in February after market conditions worsened during the company's scheduled investor meetings at the time.
Peruvian agribusiness terminates a potential securities sale for the second time this year