Cosan Talks Price

Cosan Talks Price

Brazil Bonds

Brazil’s Cosan is out with mid-to-high 5% initial price thoughts for what is expected to be a 2023 NC5 bond pricing as soon as Thursday, according to people following the transaction. The Ba2/BB/BB+ energy and infrastructure company plans to issue the 2023 NC5 through the Cosan Luxembourg entity, with rating agencies estimating a $400m size. “Cosan has grown up and represents less credit risk. The sugar space is well populated, but Cosan is in a league of their own,” says an EM investor who expe

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