September 9, 2021 |
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
Brazilian pulp and paper company prices $500 mln worth of seven-year bonds to yield 2.7%