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 editor responsible for this story: David Papadopoulos at firstname.lastname@example.org