Special Reports

The Brazilian cosmetics company debuts in the international debt markets as its efforts to become a global company pick up speed.   Brazil’s Natura Cosméticos sold bonds in the international market for the first time in January 2018 as it strengthened its strategy for global growth with the acquisition of The Body Shop last year. Natura entered the market in late January with $750 million in 5.375% bonds due in February 2023. The transaction marked the first time the company had gone to the cross-border bond market and established benchmarks for yield, size and liquidity for future funding exercises. Natura followed its international debut with a local bond sale for 1.4 billion reais ($364 m

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