Suzano carves through volatility for fourth bond in nine months

Suzano, Fibria, Brazil, paper, pulp, LatAm
By Oliver West
22 May 2019

Brazil’s Suzano tapped international bond investors for the fourth time since September on Tuesday, capitalising on a dearth of recent supply from Latin America and favourable sentiment towards the pulp and paper sector.

Global co-ordinators Bank of America, BNP Paribas, JP Morgan, Mizuhoand Scotiabank announced initial price thoughts of 300bp over US Treasuries for a new long 10 year maturing in 2030 and 355bp for a proposed tap of its existing 7% 2047s. 

Ba1/BBB-/BBB- rated Suzano, the ...

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