Brazil’s FS extends bond bookbuild in choppy markets
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 ...