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El Salvador's Grupo Unicomer postpones $300 million notes due 2021
By Christine Van Dusen
Atlanta, Jan. 23 - El Salvador's Grupo Unicomer has postponed its planned issue of up to $300 million of notes due in 2021 (/B+/BB-) due to market conditions, a market source said.
The notes - which were to be issued through Regal Forest Holding Co. Ltd. - were talked at a spread in the mid-to-high-8% area.
BCP Securities, Citigroup and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
The issuer is an international retailing group.
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