Fibria Sees Strong Tender Response

Fibria Sees Strong Tender Response

Brazil Bonds

Fibria Celulose has received valid tenders from holders of $509m of its outstanding 7.50% 2020 bonds as of an early acceptance deadline, it says. In addition, the Brazilian pulp and paper producer has increased the tender cap to $510m. It launched the offer targeting up to $500m earlier this month, offering holders a clearing price to be determined through a modified Dutch auction process. Each holder that tenders notes specifies a bid price within the $1,000-$1,060 bid range, which represents t

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