Indebtedness and Capital Markets
Indebtedness
On September 30, 2018, gross debt stood at R$23.8 billion and was composed of 92.6% long-term maturities and 7.4% short-term maturities, with 59.5% denominated in foreign currency and 40.5% in local currency. The percentage of gross debt denominated in foreign currency, considering the adjustment for derivatives, was 97.4%.
Meanwhile, net debt stood at R$10.8 billion (US$2.7 billion) on September 30, 2018, compared to R$9.9 billion (US$2.6 billion) on June 30, 2018.
Suzano contracts debt in foreign currency as a natural hedge, since net operating cash generation is denominated in foreign currency. This structural exposure allows it to contract export financing in USD to match financing payments with receivable flows from sales.
Suzano actively and expressly demonstrates its commitment to deleverage sustainably and to adopt adequate and efficient structures and costs for its market positioning and operating and managerial capacity.
Index Exposure on 09/30/2018
Debt ON 09/30/2018
Amortization Schedule (R$ million)
Net Debt (R$ and US$ million)
Net Debt / Adjusted EBITDA in R$ and US$ (x)
Capital Markets
Click here to download the full spreadsheet
| Currency | Dollar |
| Principal Amount | US$ 189,630,000 (original amount: US$ 650,000,000) |
| Issuance Date | September 16th, 2010 |
| Duration | 10 years |
| Coupon | 5.875% |
| Issuance Price | 6.125% |
| Maturity | January, 2021 |
| Coupon frequency | Semiannual |
| Currency | Dollar |
| Principal Amount | US$ 500,000,000 + US$ 200,000,000 (Re-Tap) |
| Issuance Date | July 14th, 2016 | September 05th, 2017 (Re-Tap) |
| Duration | 10 years |
| Coupon | 5.75% |
| Issuance Price | 5.875% | 4.625% (Re-Tap) |
| Maturity | July, 2026 |
| Coupon frequency | Semiannual |
Green Bonds Annual Report - 2017 - Green Bonds - Annual Report 2017
Green Bonds Annual Report - 2017 - Green Bonds - Annual Report 2018
Prospecto - Green Bonds - Use of Proceeds Report (2017)
Bonds 2018 - Green Bonds - Use of Proceeds Report (2018)
| Currency | Dollar |
| Principal Amount | US$ 300,000,000 + US$ 200,000,000 (Re-Tap) + US$ 500,000,000 (Re-Tap) |
| Issuance Date | March 16th, 2017 | September 05th, 2017 (Re-Tap) | November 06th, 2018 (Re-Tap) |
| Duration | 30 years |
| Coupon | 7.00% |
| Issuance Price | 7.375% | 6.300% (Re-Tap) | 6.850% (Re-Tap) |
| Maturity | March, 2047 |
| Coupon frequency | Semiannual |
| Currency | Dollar |
| Principal Amount | US$ 1,000,000,000 + US$ 750,000,000 (Re-Tap) |
| Issuance Date | September 17th, 2018 | January 29th (Re-Tap) |
| Duration | 10 years |
| Coupon | 6.00% |
| Issuance Price | 6.125% | 5,465 % (Re-Tap) |
| Maturity | January, 2029 |
| Coupon frequency | Semiannual |
| Currency | Real |
| Issuance Amount | R$ 675,000,000 |
| Issuance Date | June 29th, 2015 |
| Duration | 4 years |
| Remuneration | 101% CDI |
| Maturity | June 19th, 2019 |
| Interest Frequency | Semiannual |
| Rating | Aa2.br |
Prospecto - Prospect
| Currency | Real |
| Issuance Amount | R$ 600,000,000 |
| Issuance Date | April 13th, 2016 |
| Duration | 4 years |
| Remuneration | 98% CDI |
| Maturity | April 13th, 2020 |
| Interest Frequency | Semiannual |
| Rating | brAA |
Prospecto - Prospect
| Currency | Real |
| Issuance Amount | R$ 300,000,000.00 1st serie: R$ 200,000,000.00 2nd serie: R$ 100,000,000.00 |
| Issuance Date | June 28th, 2016 |
| Duration | 1st serie: 10 years 2nd serie: 9 years |
| Remuneration | 1st serie: 97% CDI 2nd serie: 97,5% CDI |
| Maturity | 1st serie: June 29th, 2026 2nd serie: June 30th, 2025 |
| Renegotiation | 1st serie: every 2 years 2nd serie: every 3 years |
| Interest Frequency | Semiannual |
| Currency | Real |
| Issuance Amount | R$ 1,000,000,000 |
| Issuance Date | November 25th, 2016 |
| Duration | 8 years |
| Remuneration | 96% CDI |
| Maturity | November 25th, 2024 |
| Renegotiation | In the 4th year |
| Interest Frequency | Semiannual |
Relatório Anual CRA Verde - 2017 - Green CRA - Annual Report 2017
Relatório Anual CRA Verde - 2017 - CRA Verde - Annual Report 2018
KPMG - Relatório de asseguração razoável dos auditores independentes - Green CRA - Use of Proceeds Report (2017)
CRA 2018 - Green CRA - Use of Proceeds Report (2018)