July 10, 2013
Brazil’s Usina Caete has finalized the sale of BRL185m ($82m) in domestic b
Brazil’s Usina Caete has finalized the sale of BRL185m ($82m) in domestic bonds, according to Anbima. The sugar and ethanol producer’s 2020 debentures are divided into a BRL115m tranche paying DI+3.50% and a BRL70m portion paying the TJLP+3.50%. Santander arranged the transaction, done under the rule 476 restricted format. Caete is a subsidiary of Grupo Carlos Lyra Lagense.