Gayosso Issue Waits

Grupo Gayosso has decided to wait on a new cross-border bond, according people following the deal. The Mexican funeral services provider had been seeking 8.75%-area yield for a $150m 2020 bond, and could elect to try to price again in the future. JPMorgan is managing. Gayosso is rated B/B+, and owned by private equity firm Advent International, which acquired it in 2007 from private investors in a $317m leveraged buyout.