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CSN cement unit plans debt sale after Holcim aqcuisition

CSN cement unit plans debt sale after Holcim aqcuisition

August 19, 2022
CSN Cimentos sets up a $130 mln deal as CADE allows it to buy the local business of the Swiss building materials company

Debenture Capital Markets Debt M&A Rule 476 Brazil

CSN Cimentos, the cement division of Brazilian steelmaker Companhia Siderúrgica Nacional (CSN), said it plans to issue BRL675 million ($130 million) in debentures after receiving regulatory approve to buy the local assets of Swiss building materials company Holcim. The cement maker said it expects to price the five-year notes on August 26, but it did not say how it will use the proceeds or if it has hired banks to arrange the sale.  CSN Cimentos issued BRL1.2 billion in debentures in February th

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