Fibria mops up 2021s

Fibria mops up 2021s

Bonds

Fibria has bought back nearly 78.5% of its 2021 notes in a cash tender offer. The Brazilian pulp producer sold a $600m 5.25% 2024 bond last week to finance the buyback of any and all of its $548m 6.75% 2021 bond. Fibria offered to pay a cash price of 112 for the paper, including a 30c sweetener for bondholders that tender before the May 8 early deadline. Citi, Credit Agricole, Deutsche Bank, Goldman Sachs and Banco Votorantim managed both the bond sale and the tender offer. Fitch last week prais

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