Fibria Wraps Up Tender

Fibria Wraps Up Tender

Brazil Bonds

Fibria Celulose is set to repurchase $514m of its outstanding 7.50% 2020 bonds following the close of a tender offer, it says. The Brazilian pulp and paper producer launched the offer targeting up to $500m in June, and subsequently upsized it. It offered holders $1,060 cash per $1,000 principal amount, a price set through a modified Dutch auction process, in which holders submitted a bid within a $1,000-$1,060 range. Holders accepting before the June 22 early deadline received an extra $50 per $

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