Investors pile into Fibria bond

Investors pile into Fibria bond


Brazils’ Fibria sold a 5.25% $600m 2024 bond on Wednesday, increasing the deal by $100m thanks to a book that was said to be 10 times oversubscribed, underscoring the strong appetite for Latin American credit. The bond follows a spate of tightly priced deals in recent weeks that many say has been fueled by liquidity being channeled from Ukraine and Eastern Europe. Citi, Credit Agricole, Deutsche Bank, Goldman Sachs and Banco Votorantim priced Fibria’s deal at 275bp over US Treasuries. Most of th

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