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Adecoagro sows CRA sale

Adecoagro sows CRA sale

August 22, 2019
South American agribusiness backs a $99m receivables issue with sugar and ethanol sales in Brazil

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 other

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