Fibria Talks Liability Management

Sep 30, 2010

Brazil’s Fibria is taking advantage of low interest rates in different product areas to meet de-leveraging goals. The pulp and paper producer has raised $1.75bn in the bond market and $1.9bn in the syndicated loan market in the past 12 months, and will continue to add to the mix as it pursues the debt improvement plan it started following its birth from the merger of VCP and Aracruz. "We won’t stop – we will always be challenging our creditors with different instruments," Joao Elek, director of finance, investor relations and risk management tells LatinFinance....

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