Adecoagro sows CRA sale

Adecoagro sows CRA sale

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

Adecoagro is preparing to sell BRL400m ($99.4m) in agribusiness receivables certificates, or CRAs, through the local securitization company EcoAgro, according to a report from S&P Global. Adecoagro will back the notes with agribusiness product bonds called CPRs Financeiras from the Ivinhema sugar and ethanol processing plant in the state of Mato Grosso do Sul. S&P assigned the CRAs a brAAA rating on the local scale, saying the CPRs Financeiras stand at the same level as Adecoagro's oth

Already have an account?

Free trial

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

Free Trial