Klabin sells notes to support CRAs

Klabin sells notes to support CRAs

Debenture Debt Capital Markets Corporate & Sovereign Strategy Brazil

Brazil's Klabin has sold BRL1bn ($258m) in 10-year debentures at 114.65% of the DI interbank lending rate, according to the local capital markets association Anbima. Itaú BBA coordinated the debt sale, with the proceeds going to support the sale of agribusiness receivables certificates, or CRAs, through the local securities firm Vert. The CRAs were divided into seven-year bullet notes at 98% of the DI and 10-year notes at 25bp over the IPCA consumer price, according to Vert. S&P gave Klabi

Already have an account?

Free trial

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

Free Trial