Brazilian Tonon gets 18 month life saver as investors approve debt exchange
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Emerging MarketsEM LatAm

Brazilian Tonon gets 18 month life saver as investors approve debt exchange

Brazilian sugar and ethanol producer Tonon Bioenergia will be able to PIK the coupons on most of its senior unsecured bonds until January 2017 after investors agreed to a debt exchange designed to ensure the beleaguered company avoids restructuring.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article