Brazil’s FS extends bond bookbuild in choppy markets

Brazil, corn, field, LatAm, 575, FS bioenergia, ethanol
By Oliver West
24 Sep 2020

FS Agrisolutions Indústria de Biocombustíveis, South America’s largest corn-based ethanol producer, delayed pricing its debut dollar bond on Wednesday as emerging market credits endured a volatile day.

The B1/BB- rated Brazilian company had set initial price thoughts at 9% area on Wednesday for a proposed seven year non-call three green bond. The lead managers had said at announcement that the deal would be priced the same day. 
However, FS has decided to keep books open until ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial