August 21, 2012
Holders of about BRL1.2bn ($594m) of Suzano’s convertible domestic bonds ha
Holders of about BRL1.2bn ($594m) of Suzano’s convertible domestic bonds have converted them into equity, the Brazilian pulp company says. The debentures become 332.9m in shares, bringing the company’s total to 1.11bn outstanding, and a 43% free float. Bonds representing 2.7m shares were sold in 2005, pay TJLP+2.5% and mature in December. Bonds representing 330.3m shares were sold last year, paying ICPA+4.5% and maturing 2013. BNDES held most of the two issuances.