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Brazil's Banco Pine postpones Swiss franc note offering via UBS
By Christine Van Dusen
Atlanta, June 4 - Brazil's Banco Pine postponed a planned Swiss franc-denominated offering of 21/2-year notes (/BB+/BB) due to market conditions, a market source said.
The deal was to have had a minimum size of CHF 80 million.
UBS was the sole bookrunner for the deal, which was talked at a spread of mid-swaps plus 493 basis points.
Banco Pine is a Sao Paulo-based lender.
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