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Published on 6/4/2012 in the Prospect News Emerging Markets Daily.

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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