Reuters: Regulatory News: Brazil's Cruzeiro do Sul plans bond buyback at a discount

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Brazil's Cruzeiro do Sul plans bond buyback at a discount Aug 14th 2012, 22:16 SAO PAULO | Tue Aug 14, 2012 6:16pm EDT SAO PAULO Aug 14 (Reuters) - Brazilian mid-sized lender Banco Cruzeiro do Sul launched on Tuesday a global bond repurchase plan that might pay investors for their holdings at a discount, according to a statement. The bank will receive tenders from investors until Sept. 12, the statement said. Cruzeiro do Sul was seized by Brazil's central bank on June 4 and put under the administration of privately held deposit guarantee fund FGC the same day.

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