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Brazil's Aralco Finance postpones dollar-denominated notes offering
By Christine Van Dusen
Atlanta, April 17 - Brazil's Aralco Finance SA has postponed its planned dollar-denominated issue of notes due in 2020 (expected ratings: /B/B), a market source said.
The notes had been talked at 9½%.
Banco Votorantim, Credit Suisse, HSBC, Itau BBA and Banco Pine were the bookrunners for the Rule 144A and Regulation S deal.
The notes were to be non-callable for four years.
The proceeds were to be used to refinance debt, for capital expenditures and for general corporate purposes.
The notes are guaranteed by Aralco SA, a Sao Paulo-based ethanol and sugar producer.
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