Brazil's Biosev postpones $300 million notes due to market conditions

By Christine Van Dusen

Atlanta, Oct. 8 - Brazil's Biosev SA postponed its $300 million issue of seven-year notes (B1//BB-) due to market conditions, a market source said.

BNP Paribas, Bradesco BBI and Citigroup were the active bookrunners for the Rule 144A and Regulation S deal. BB Securities, HSBC and Itau SSA were the passive bookrunners.

The proceeds were to be used to repay existing borrowings and financings.

Biosev is the sugar cane unit of commodities giant Louis Dreyfus Holding BV.

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