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

Oct. 4 (Bloomberg) -- 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.

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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

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