New bond issue: Klabin issued international bonds with a 4.875% coupon for USD 500.0m maturing in 2027

September 13, 2017 - Cbonds

 

September 12, 2017 Klabin issued international bonds with a 4.875% for USD 500.0m maturing in 2027. Bonds were sold at a price of 99.414% with an initial yield of 5.01%. Bookrunner: Bank of America Merrill Lynch, Citigroup, Itau Unibanco Holdings, Morgan Stanley, Banco Santander
Depository: DTCC.
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Issuer, issue numberKlabin, 4.875% 19sep2027, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount500,000,000
ISINUSL5828LAB55
End of placement09/12/2017
Initial issue price99.414
Yield at pricing5.01
Coupon4.875%
Coupon frequency2 time(s) per year
Settlement date09/19/2017
Maturity date09/19/2027
Issue ManagersBookrunner: Bank of America Merrill Lynch, Citigroup, Itau Unibanco Holdings, Morgan Stanley, Banco Santander Depository: DTCC
Issuer: Klabin
Issuer profile:
It is the leading manufacturer of packaging paper and board, corrugated boxes, industrial sacks and timber in logs. It has 17 industrial plants in Brazil and one in Argentina. Self-sufficient in wood... more
Outstanding issues:
2 issuesUSD1,000,000,000
Issuer rating:
S&P Global RatingsBB+/StableForeign Currency LT06/29/2016
S&P Global RatingsBB+/StableLocal Currency LT06/29/2016
Fitch RatingsBB+/StableLT Int. Scale (foreign curr.)05/16/2017
Fitch RatingsBB+/StableLT Int. Scale (local curr.)05/16/2017
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