Pulp Producer Preps Local Bond

Eldorado Celulose e Papel is planning to raise BRL940m ($459m) in Brazil’s domestic bond market, it says. The plan is for an inflation-linked 2027 debenture paying 7.41%. Proceeds will be used for capex at its Tres Lagoas facility in Mato Grosso do Sul. It does not name the bank on the sale, to be done under the rule 476 restricted format, and officials were unavailable for comment.