Mexico's Sanluis Rassini cancels $250 million 10-year notes offering

By Christine Van Dusen

Atlanta, Oct. 5 - Mexico's Sanluis Rassini SA de CV has canceled plans for a $250 million offering of 10-year notes due to market conditions, a market source said.

The company mandated Bank of America Merrill Lynch and JPMorgan for the Rule 144A and Regulation S deal, which was marketed during a roadshow that ended Oct. 1.

Proceeds were to be used to refinance debt and for general corporate purposes.

Sanluis Rassini is an auto parts company based in Mexico City.

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