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Posted on April 18, 2011
Banco Pine SA, a Brazilian lender focused on loans to mid-sized companies, canceled its offering of five-year international bonds, according to a person familiar with the matter. The Sao Paulo-based bank planned to sell as much as $300 million of the debt, according to Moody’s Investors Service. Pine had hired BTG Pactual SA, JPMorgan Chase & Co. and Banco Santander SA to arrange the sale, said the person, who declined to be identified because he wasn’t authorized to comment publicly on the transaction.
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