CSN completes buyback

CSN completes buyback

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Brazil US

Brazilian steel company Companhia Siderúrgica Nacional (CSN) said on Friday evening that it agreed to buy back $263 million in 6.5% 2020 notes as part of its debt management plans. The steelmaker plans to repurchase the notes on January 31, paying $1,020 for every $1,000 in principal, CSN said in a statement. The company had $434 million in outstanding 2020 notes before it announced the buyback. CSN sold $1 billion of new eight-year notes on January 23 to pay for the buyback and refinance other

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