Acucar Guarani Prices at Low End

Brazilian sugar and ethanol producer Acucar Guarani priced Friday a $360m equivalent BRL IPO through UBS Pactual. The initial range was BRL13.50-BRL17.50 and the deal came at BRL13.50, according to Dealogic. The data provider also showed the offer smaller than the $412m-$474m initially expected, and a day late. Gross fees were $13.53m. Bradesco and Calyon were co-managers. The Bovespa closed 1.17% lower Friday amid losses in global stock markets.