Breaking News

Tweet TWEET

Mexico’s Sanluis Rassini Pulls $250 Million Overseas Bond Sale

Sanluis Rassini SA, a Mexican auto parts maker, postponed plans to sell $250 million of 10-year bonds in international markets, said Juan Pablo Sanchez Kanter, an investor relations official at the company.

“Market conditions weren’t in line with the company’s expectations,” Sanchez Kanter said in a phone interview. It wasn’t “because of a lack of demand.”

Sanluis Rassini was seeking to return to the bond market two years after its holding company missed a debt payment and a decade after its parent stopped servicing bonds.

To contact the reporter on this story: Veronica Navarro Espinosa in New York at vespinosa@bloomberg.net

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.