March 14, 2019 |
Brazil's Klabin could issue BRL1bn ($261m) in debentures to support the sale of agribusiness receivables certificates, or CRAs, through the local securities firm Vert.
The CRAs will be divided into two series, with seven-year bullet notes paying 98% of the DI interbank lending rate and 10-year notes paying a spread on the IPCA consumer price, according to a report from S&P Global.
S&P gave the upcoming CRAs and debentures preliminary ratings of brAAA on the local scale.
The São Paulo-bas
Brazilian paper company will sell debentures to support $260m in agribusiness receivables certificates