November 15, 2018 |
Brazil's Klabin expects to price $500m in bonds by Thursday as it continues to negotiate a loan package with four banks, sources told LatinFinance.
The paper and pulp producer finished meeting investors on Tuesday and drew strong interest for the 10-year notes, which could mark the last benchmark-sized bond issue from Brazil this year, said a source working on the deal.
The bookrunners Bradesco and Itaú BBA set the initial price talk between 6% and 6.5%, based on the 6.1% that Klabin's 10-year
Brazilian paper company plots $500m in the cross-border market as it also syndicates a $1bn loan package, sources say