Brazilian agribusinesses raise local debt

Brazilian agribusinesses raise local debt

Debenture Debt Capital Markets Corporate & Sovereign Strategy Brazil

Three agribusinesses in Brazil — Zilor, IBI Brasil and Sipcam Nichino — have raised a total of BRL883m ($228m) from the sale of debentures in the local market, according to the capital markets association Anbima. Zilor, a sugarcane company from Lençóis Paulista in the state of São Paulo, issued BRL560m in six-year notes through its subsidiary Açucareira Quatá. Itaú BBA led the sale, pricing the debentures at 300bp over the DI interbank lending rate, with Pentágono as the trustee. IBI Brasil,

Already have an account?

Free trial

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

Free Trial