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Suzano retaps long-term bonds

Suzano retaps long-term bonds

November 7, 2018 | Mick Bowen
Brazilian paper company adds another $500m to its 2047 notes and raises more money for Fibria acquisition

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income M&A Brazil Europe

Brazil's Suzano added $500m to its 7% 2047 bonds on Tuesday, less than a week after the antitrust agency CADE approved the paper company's planned acquisition of its larger rival Fibria Celulose. The leads BNP Paribas, JPMorgan, Mizuho and Rabo Securities, along with Bank of America Merrill Lynch as an active bookrunner, priced the reopening to yield 6.85%, or around 17bp above the bond's closing price in the secondary market on Monday and around 105bp above Suzano's 2029 bonds, sources said. Su

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