Cosan Considers Refinancing

Cosan Considers Refinancing

Brazil Bonds

Brazil’s Cosan is planning to refinance the debt tied to last year’s acquisition of Comgas, likely in the first half of this year, CFO Marcelo Martins tells LatinFinance. An international bond is possible. “What we have seen since then is an improvement in market conditions, which means the average cost for transactions of this nature have come down,” he says. Last year Cosan signed a BRL3.3bn ($1.7bn) 8-year loan at 123% of the CDI rate with Bradesco and BTG Pcatual. The sugar producer and ener

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