Brazil’s Banco Pine Cancels Overseas Offering of 5-Year Bonds

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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.

    To contact the reporter on this story: Gabrielle Coppola in New York at gcoppola@bloomberg.net

    To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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