Suzano sells new bonds, reopens 2047s

Suzano sells new bonds, reopens 2047s

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income M&A Brazil

Brazil's Suzano said it has raised $1.25bn in fresh debt by selling $1bn in new 10-year notes and adding $250m to its 2047 bonds. The São Paulo-based paper and pulp company priced the new 5% 2030s to yield 5.18% and it reopened the 7% 2047s at 6.245%, it said in a press release. The company also said it will use the money to pay off debt and raise cash for interest payments this year. "As a result, Suzano expects to improve even more its debt profile," it said. Suzano issued the 30-year 2047s

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