IUSA postpones $175 million eight-year notes offering

By Paul A. Harris

St. Louis, Jan. 27 - Industrias Unidas SA de CV (IUSA) postponed indefinitely its offering of $175 million of eight-year senior unsecured notes (Caa1/B+), market sources said.

The deal had been talked at 11½% to 11¾%.

Deutsche Bank Securities had the mandate for the Rule 144A/Regulation S offering.

The El Salvador-based building and electrical products company had slated debt repayment as its use of proceeds.

No reason was offered for the postponement, sources said.

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