Mexico’s Engenium and Brazil’s Klabin postpone note offerings

By Rebecca Melvin

New York, Nov. 16 – Pricing of planned new issues for Mexico’s Engenium Capital and Brazil’s Klabin SA have been postponed amid volatile market conditions, according to market sources.

Both deals had been announced and were on the forward calendar.

Engenium, a specialty loan and leasing company owned by private equity firm Linzor Capital Partners, had started a roadshow for a planned offering of perpetual subordinated bonds during the last week of October.

Banks arranging the investor meetings were Credit Suisse, Goldman Sachs, Scotiabank and Morgan Stanley, and proceeds were to have been used to help fund its acquisition of TIP de Mexico.

Brazil’s Klabin had recently announced that it selected banks and scheduled fixed-income investor meetings for a dollar-denominated notes offering.

Bank of America, Bradesco, HSBC, Itau and Morgan Stanley were the banks arranging meetings for the Sao Paulo-based pulp, paper and paper products company to be held through Nov. 13.

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