September 6, 2017 |
Suzano has opened up the cross-border bond market for Latin American issuers, adding $200m apiece to its 5.75% 2026 and 7% 2047 notes, sources told LatinFinance.
The bookrunners Banco do Brasil, Itau BBA, JPMorgan, Santander and Mizuho priced the retaps at 4.625% for the 2026s and 6.3% for the 2047s.
The initial price talk started at 5.4% for the shorter-dated notes and 6.625% for the 2047s. The leads tightened the pricing at guidance to 4.75% on the 2026s and 6.5% on the 2047s.
A debt capit
Brazilian pulp and paper company adds $200m apiece to its 2026s and 2047s