January 16, 2013 / 1:51 PM / 5 years ago

FINNEWS LATAM-Brazil's Tonon offers to pay 9.625 pct yield at bond sale-source

Tonon Bioenergia SA, a Brazilian ethanol producer, is offering to pay investors interest between 9.5 percent and 9.625 percent to sell up to $250 million of senior unsecured debt due in Jan. 2020, a source with knowledge of the deal told Reuters. Tonon hired the investment banking units of BTG Pactual Group , Itaú Unibanco Holdinga SA and Banco Santander SA to manage the transaction, the source added.

The deal is expected to close as early as Wednesday, the source noted.

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