By Christine Van Dusen
Atlanta, July 7 – Suzano Papel e Celulose SA sold $500 million 5¾% 10-year notes (expected ratings: /BB+/BB+) at 99.065 to yield 5 7/8%, a market source said.
The notes, issued via Bahia Sul Holdings GmbH, were talked at a yield in the low-6% area.
JPMorgan and Santander were the global coordinators for the Rule 144A and Regulation S deal. BB Securities, Bradesco BBI, BTG Pactual and Itau BBA were the joint bookrunners.
The proceeds will be used to finance and refinance eligible green projects.
Suzano is a pulp and paper company based in Salvador, Brazil.
| Issuer: | Bahia Sul Holdings GmbH
|
| Amount: | $500 million
|
| Maturity: | July 14, 2026
|
| Description: | Bonds
|
| Bookrunners: | JPMorgan, Santander (global coordinators); BB Securities, Bradesco BBI, BTG Pactual, Itau BBA (joint bookrunners)
|
| Coupon: | 5¾%
|
| Price: | 99.065
|
| Yield: | 5 7/8%
|
| Trade date: | July 7
|
| Settlement date: | July 14
|
| Expected ratings: | S&P: BB+
|
| Fitch: BB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Low-6% area
|
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