FS falls short in bond buyback

FS falls short in bond buyback

Corporate & Sovereign Strategy Bonds Fixed Income Debt Capital Markets Brazil

Brazilian bioenergy company FS Bioenergia said Wednesday that it agreed to repurchase $78.3 million worth of 10% 2025 bonds by the early deadline, short of targeted amount of $100 million. FS put up $1,010 for every $1,000 in principal, induing a $50 premium until the early deadline on May 23. It is now offering to pay $960 for the 2025 notes through the final deadline on June 8, it said in a press release. BTG Pactual, Citi, Morgan Stanley and Santander are the dealer managers on the buyback, F

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial