Suzano plants sustainability bonds for buyback

Suzano plants sustainability bonds for buyback

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian pulp and paper producer Suzano sold $750 million worth of long 10-year sustainability bonds on Thursday to fund a buyback offer that expired the same day, according to a source involved in the deal. Suzano priced the 3.75% 2031 bonds at 99.32 to yield 3.95%, or 327 basis points over US Treasury notes, the source said. The company plans to settle the notes on September 14. The deal started with initial price talk in the mid-4% area, before it set guidance at 4%, plus or minus five basis

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