BRAZIL

摘要

Pulp and paper company SYZANO is self-arranging a US$2.3bn six-year export pre-payment loan. The facility will pay an opening margin of 115bp over Libor. The pricing sets a new benchmark that other Brazilian corporates will now target, a banker said. The deal is expected to be warmly welcomed, despite the tight pricing, as banks have lending capacity and will want to take advantage of the ancillary business associated with a Suzano relationship, he said.