Suzano seizes strong demand for new bond benchmark

Suzano seizes strong demand for new bond benchmark

Corporate & Sovereign Strategy Bonds Debt Fixed Income Brazil Capital Markets

Brazilian pulp and paper company Suzano tapped into strong investor demand to reset the benchmark in the international bond market on Wednesday, reeling in the yield on $500 million worth of new seven-year bonds, sources told LatinFinance. The 2028 notes carried a coupon of 2.5% and priced at 98.731 to yield 2.7% after orders reached $3.4 billion, said a source involved in the sale. The deal opened with the initial price talk in the 3.1% area before guidance came to 2.7% to 2.8%, the source adde

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