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Cruzeiro Do Sul Pulls Bond
Brazil’s Banco Cruzeiro do Sul has postponed plans to issue dollar bonds until market conditions improve, an investor relations official at the bank tells LatinFinance. The bank had met with investors in the hope of landing a three-year deal worth around $100m. BCP Securities and UBS were leading the operation. Cruzerio do Sul raised $110m in 7.38% 2010 bonds in April.