Cosan comes to market

Cosan comes to market

Brazil Bonds

Cosan found bondbuyers willing to add Brazilian debt to their portfolios on Wednesday and printed $500m in new 2024 notes. The bookrunners Banco do Brasil, Bradesco, Itau BBA, Morgan Stanley and Santander started the price talks in the mid 6% area, tightened it to 6% at guidance and then priced the deal at par to yield 5.95%, sources told LatinFinance. "There are better company's in this sector in Brazil, but [Cosan's] finances are relatively stable," one fixed-income investor said.  The suga

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