Parana Banco Hits Road With 2012 Bond

Parana Banco will try to give investors one last mid-sized Brazilian bank bond by year-end. The paycheck deductible loan specialist will hold December 14-16 a US, European and Latin American roadshow to pitch a $100m 2012 bond. Guidance on the B+ Reg S issue has been set at 7.50%-7.75%. Proceeds are tagged for general corporate purposes. Jeffries and Queluz are managing the sale, expected to price last next week. Parana’s last dollar bond was squeaked out just before the crisis, a $35m 7.875% of 2010 bond in August 2008.