Nov 5, 2012 - Brazilian sugar and ethanol producer Usina Sao Joao (USJ) on Friday debuted in the international debt market via the placement of USD 275 million (EUR 213.2m) in notes, local news agency Agencia Estado reported citing market sources.
The notes will mature in seven years and will yield 10.125% to investors.
According to one of the sources, the demand for USJ's bonds exceeded by 2.5 times the issued amount.
Proceeds from the placement are reportedly earmarked for the refinancing of the company's debt and for other corporate purposes.
The offer was coordinated by HSBC (LON:HSBA) and Itau BBA.