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Prospect News home > News index > List of issuers G > Headlines for Grupo Unialco > News item
Published on 11/8/2007 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Brazil's Unialco postpones its $150 million intermediate bond issue

By Aaron Hochman-Zimmerman

New York, Nov. 8 - Grupo Unialco announced it has pulled its $150 million intermediate bond issue (B2/B), according to a market source.

The decision was blamed on "deteriorating market conditions."

The deal had been talked at 10%.

ABN Amro had been asked to act as bookrunner for the Rule 144A and Regulation S deal.

Unialco is a sugar and ethanol producer based in Guararapes, Brazil.


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