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FS falls short in bond buyback

FS falls short in bond buyback

May 25, 2023 | Hernán Goicochea
Brazilian bioenergy company agrees to repurchase $78 mln in 10% 2025 notes, shy of the $100 mln target

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

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