Klabin drops bond, sticks to loan

Klabin drops bond, sticks to loan

Corporate & Sovereign Strategy Debt Loans Brazil

Brazil's Klabin has dropped plans to issue $500m in bonds for now, but it still intends to close a $1.1bn syndicated loan in 2019, LatinFinance has heard. Klabin had hired Bradesco and Itaú BBA to arrange the sale of 10-year bonds in November, but it decided to put off the deal, said a debt capital markets banker not involved in the transaction.  Meanwhile, the paper company has carried on with talks HSBC, Santander, Citi and Mizuho to get a revolving credit facility and a term loan next year, s

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial