Natura lines up local notes

Natura lines up local notes

Debenture Debt Capital Markets Fixed Income Brazil

Brazil's Natura Cosméticos said it plans to issue up to BRL1.71bn ($456m) in debentures in the local market to raise money to pay off debt over the next two years. The São Paulo-based cosmetics company intends to price the five-year notes at up to 1.15% over the DI interbank lending rate on August 26, Natura said in a securities filing. S&P Global gave the debentures a brAAA rating with a negative outlook, saying the recent acquisition of Avon Products could lead to higher debt levels. Natur

Already have an account?

Free trial

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

Free Trial