New Issue: Brazil's Aralco sells $250 million 10 1/8% seven-year notes at 99.386 to yield 10¼%

By Christine Van Dusen

Atlanta, May 1 - Brazil's Aralco Finance SA priced a $250 million issue of 10 1/8% seven-year notes (expected ratings: /B/B) at 99.386 to yield 10¼%, a market source said.

Banco Votorantim, Credit Suisse, HSBC, Itau BBA and Banco Pine were the bookrunners for the Rule 144A and Regulation S deal.

The notes are callable from May 7, 2016.

Aralco is a Sao Paulo-based ethanol and sugar producer.

Issuer:	Aralco Finance SA
Amount:	$250 million
Maturity:	May 7, 2020
Description:	Notes
Bookrunners:	Banco Votorantim, Credit Suisse, HSBC, Itau BBA, Banco Pine
Coupon:	10 1/8%
Price:	99.386
Yield:	10¼%
Call features:	Callable from May 7, 2016
Trade date:	April 30
Settlement date:	May 7
Expected ratings:	Standard & Poor's: B
	Fitch: B
Distribution:	Rule 144A and Regulation S

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