Indebtedness
In September 30, 2019, gross debt amounted to R$ 64 billion and the net debt stood at R$ 55.2 billion.
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.
Capital Markets
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Bonds
| 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 |
| Currency |
Dollar |
| Principal Amount |
US$ 300,000,000 + US$ 200,000,000 (Re-Tap) + US$ 500,000,000 (Re-Tap) +US$ 250,000,000 (Re-Tap) |
| Issuance Date |
March 16th, 2017 | September 05th, 2017 (Re-Tap) | November 06th, 2018 (Re-Tap) | May 21st, 2019 (Re-Tap) |
| Duration |
30 years |
| Coupon |
7.00% |
| Issuance Price |
7.375% | 6.300% (Re-Tap) | 6.850% (Re-Tap) | 6,245% (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, 2019 (Re-Tap) |
| Duration |
10 years |
| Coupon |
6.00% |
| Issuance Price |
6.125% | 5,465 % (Re-Tap) |
| Maturity |
January, 2029 |
| Coupon frequency |
Semiannual |
| Currency |
Dollar |
| Principal Amount |
US$ 1,000,000,000 |
| Issuance Date |
May 21st, 2019 |
| Duration |
10 years |
| Coupon |
5,00% |
| Issuance Price |
5,18% |
| Maturity |
January, 2030 |
| Coupon frequency |
Semiannual |
Certificates of Agribusiness Receivables "CRA"
| 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 |
| 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 |
| 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 |
Last updated on February 28, 2020