April 2, 2019 |
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.
Zilor, IBI Brasil and Sipcam Nichino earn $228m from the sale of debentures