Klabin shops bond, loan

Klabin shops bond, loan

Debt Corporate & Sovereign Strategy Loans Structured Finance Brazil

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 n

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