Suzano plans another retap

Suzano plans another retap

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil Europe

Brazil's Suzano plans to reopen its 7% 2047 bonds for the third time, adding another $250m to $500m to the unsecured notes, Fitch Ratings said in a report. "The senior notes are expected to total up to $1bn due in 2030," Fitch said, adding that it has given a BBB- rating to the proposed reopening. The São Paulo-based paper and pulp company will use the proceeds to pay off debt and for general corporate purposes, according to Fitch. Suzano first printed the 30-year notes through its subsidiary in

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