Suzano trades up after strong demand for tap

Brasilia, Caixa
By Oliver West
08 Nov 2018

Pulp and paper producer Suzano Papel e Celulose raised $500m of 30 year debt on Tuesday, two months after first mooting the idea, putting it closer to completing the financing of its takeover of fellow Brazilian company Fibria.

A new issue concession of 17bp looked generous to some bankers and not disastrous to others (see separate story). But Suzano had clearly left sufficient value on the table as the bonds jumped more than 1.5 points higher than reoffer in the two days after pricing.
Taking a safer ...

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