Published on 1/11/2017 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Brazil’s Fibria prices $700 million 5˝% green bonds due 2027 at 5.7% yield
By Christine Van Dusen
Atlanta, Jan. 11 – Brazil’s Fibria Celulose SA – via Fibria Overseas Finance Ltd. – priced $700 million 5˝% 10-year notes at 98.491 to yield 5.7% on Wednesday, a market source said.
BNP Paribas, BofA Merrill Lynch, Citigroup, HSBC and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for eligible green projects.
Fibria is a Sao Paulo-based pulp and paper company.
| Issuer: | Fibria Overseas Finance Ltd.
|
| Amount: | $700 million
|
| Maturity: | Jan. 17, 2027
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| Description: | Green bonds
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| Bookrunners: | BNP Paribas, BofA Merrill Lynch, Citigroup, HSBC, JPMorgan
|
| Coupon: | 5˝%
|
| Price: | 98.491
|
| Yield: | 5.7%
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 17
|
| Distribution: | SEC registered
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