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Domestic bonds: Cosan Limited, 9.50% 15aug2014, USD (KYG1986QAA91)

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Foreign bonds

Status
Matured
Amount
350,000,000 USD
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
Brazil
Current coupon
-
Price
-
Yield / Duration
-
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  • Placement amount
    350,000,000 USD
  • Outstanding amount
    350,000,000 USD
  • Face value
    100,000 USD
  • ISIN RegS
    KYG1986QAA91
  • Common Code RegS
    044541530
  • CFI RegS
    DBFGGR
  • FIGI RegS
    BBG0000KGKV8
  • SEDOL
    B3Z40R4
  • Ticker
    RAIZBZ 9.5 08/15/14 REGS

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Issue information

Profile
Founded in 1936 in Brazil, Cosan now has 23 production facilities, 21 in São Paulo State and two being built, one in the city of Jataí (Goiás State) and the other in Caarapó (Mato Grosso do ...
Founded in 1936 in Brazil, Cosan now has 23 production facilities, 21 in São Paulo State and two being built, one in the city of Jataí (Goiás State) and the other in Caarapó (Mato Grosso do Sul State), four refineries and two port terminals. Through Cosan Combustíveis e Lubrificantes, licensed to use the Esso and Mobil brands, it has become the only totally integrated company in the sector. Since 2005 Cosan’s stock has been traded on the New Market in São Paulo (Bovespa). In 2007 it became listed in New York, becoming the first Brazilian-owned company to be traded directly on the NYSE. A producer of crystal sugar (VHP), granulated refined sugar, organic sugar, amorphous liquid sucrose and inverted liquid sugar, ethanol and electric energy (produced from sugarcane), Cosan is the third largest sugar producer in the world, the fifth largest ethanol producer, and one of the world’s largest ethanol exporters. In the 2008/2009 harvest it crushed a record 44.2 million tons of sugarcane. With its incorporation of NovAmérica, its crushing capacity is today about 60 million tons. Aware of the importance of research and development, Cosan has partnerships with technological institutes to develop new varieties of sugarcane. The company is also focused on agricultural geoprocessing technology, and has developed sugarcane harvest satellite monitoring software. The system provides precise estimates on production, with detailed information on the state and quality of the sugarcane plantations, and also improves agricultural procedures and reduced costs.
  • Issuer
    Go to the issuer page
    Cosan Limited
  • Full borrower / issuer name
    Cosan Limited
  • Sector
    Corporate
  • Industry
    Agriculture
Volume
  • Placement amount
    350,000,000 USD
  • Outstanding amount
    350,000,000 USD
Face value
  • Face value
    100,000 USD
  • Outstanding face value
    *** USD
  • Increment
    *** USD
Listing
  • Listing
    ***

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Early redemption terms

***

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stocks

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Placement

  • Placement method
    Open subscription
  • Placement
    ***
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    The proceeds from the issue will be used by CCL Finance Limited to (1) acquire from Cosan Limited, as sole noteholder, USD 175.0 million aggregate principal amount of floating rate notes due 2018 issued by CCL (bearing interest at LIBOR plus 2.8% per year) and (2) provide a loan in an aggregate principal amount of up to USD 175.0 million to Cosan S.A. Cosan S.A. intends to use the proceeds from the loan to repay a portion of the R$1,100.0 million aggregate principal amount of promissory notes issued by Cosan S.A. to Banco Bradesco S.A., one of the initial purchasers. The floating rate notes and the promissory notes were used to finance the acquisition of CCL by Cosan in December 2008.

Conversion and exchange

  • Conversion terms
    ***

Additional information

Latest issues

Identifiers

  • ISIN RegS
    KYG1986QAA91
  • ISIN 144A
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    044541530
  • Common Code 144A
    044550458
  • CFI RegS
    DBFGGR
  • CFI 144A
    DBFGGR
  • FIGI RegS
    BBG0000KGKV8
  • FIGI 144A
    BBG0000J4N84
  • SEDOL
    B3Z40R4
  • Ticker
    RAIZBZ 9.5 08/15/14 REGS
  • Type of security by CBR
    ***

Bond classification

  • Rank: Undefined
  • Registered
  • Coupon bonds
  • Foreign bonds
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk
  • Trace-eligible

Restructuring

***

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