CSN refinancing 2016, 2017 loans with Banco do Brasil, source says

September 3, 2015 11:10 PM

39 0

RIO DE JANEIRO/SAO PAULO, Sept 3 Brazil's Cia Siderurgica Nacional is in talks to refinance debt due in 2016 and 2017 with state-run Banco do Brasil and a deal could be announced as early as next week, a source said on Thursday.

The amount of CSN debt under discussion with Banco do Brasil is close to the 2.57 billion reais ($687 million) of 2016-2017 debt that the Sao Paulo-based steelmaker renegotiated with state-owned Caixa Econômica Federal in an accord announced earlier on Thursday, the source said. (Reporting by Albert...

Also read: Obama To Receive A Report On Russia's 2016 Election Meddling Before Leaving Office

Read more

To category page

Loading...