Klabin comes with more CRAs

Klabin comes with more CRAs

Debt Capital Markets Corporate & Sovereign Strategy Debenture Rule 476 Brazil

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-

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