Fibria Prepared for Higher Interest Rates: CFO

Fibria Prepared for Higher Interest Rates: CFO

Brazil Bonds

Brazil’s Fibria is joining the list of LatAm issuers who will stay out of the bond market in 2014 if they can help it. Even in an environment of higher interest rates, cash generation will be such that the pulp maker can fund itself, its CFO says. “As we pay down debt our amortization schedule will be distributed in such a way that free cash flow generation will be enough for the amortizations. We will not need to go to the market. This is very important in an environment of increasing interest

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