Suzano Bahia Sul’s $110m 10-year debentures
Banco Itaú BBA, Bradesco and Votorantim werelead managers
In a landmark transaction for the Brazilian fixed-income capital markets, Suzano Bahia Sul’s R$333m ($110m) debenture was the first 10-year debenture issued by a privately-owned company to be distributed to domestic institutional investors. Prior to the transaction, most of the longer-tenor debentures were limited to five years – a fact that earned the deal the judges’ praise for its contribution to the development of the Brazilian capital markets.
Suzano Bahia Sul is one of the largest integrated pulp and paper producers in Brazil. The debenture was distributed successfully to institutional investors, with 61% allocated to asset managers, 30% to pension funds and 9% to banks and insurance companies.
