Raízen readies next debenture deal

Raízen readies next debenture deal

Debenture Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Brazil

Brazil's Raízen Energia said it intends to sell BRL900m ($216m) in debentures in the local market to pay off debt from sugarcane production from the past two years.The sugar and ethanol producer, a joint venture between the local conglomerate Cosan and the British-Dutch oil company Shell, aims to price the 10-year notes at 0.7% over the IPCA consumer price index, according to a securities filing.S&P Global assigned the notes a brAAA rating on the local scale, citing a guarantee from the sist

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