Parana Banco Concludes Roadshow

Brazil’s Parana Banco has concluded a roadshow supporting its issue of $50m in 7.75% of 2011 bonds and expects to close books by early next week. The payroll discount lending specialist has set 7.875% area guidance on the B+ offer. Size was reduced earlier this month from an originally planned $100m. Queluz Securities claims to be the sole bank managing the sale, despite the issuer’s original indication that Dresdner would also be involved.