October 21, 2021
Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) said Wednesday that it is hiring banks to lead the sale of BRL1.5 billion ($271 million) worth of debentures in the local market.
CSN plans to issue the new seven-year notes in a restricted offering on November 10, raising money to meet working capital needs and cover general corporate purposes, it said in a securities filing. It expects to price the 2028 debentures at the DI interbank lending rate plus 1.65%.
In December 2018, when CSN s
Brazilian steelmaker sets up a deal for $270 mln worth of debentures next month