Klabin comes back with two-part bond sale

Klabin comes back with two-part bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazil's Klabin raised $1bn from a two-part bond deal on Wednesday, but it saw orders retreat from a peak of $2bn as a sell-off in the stock market spooked some investors, LatinFinance has heard. "We lost some orders," said a banker on the deal. The order books topped out at $2bn, but then declined to around $1.5bn, he said. Still, a lack of quality bonds from Latin American issuers, plus the high participation in a bond buyback, encouraged some buyers to get the new notes, he added. "Klabin

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