Suzano Papel e Celulose SA (SUZ) has released an update.
Suzano Papel e Celulose SA’s Board of Directors has unanimously approved a significant financial strategy, including the issuance of up to twenty billion Renminbi in Panda Bonds by its subsidiary, Suzano International. The funds raised will be allocated to the development of eucalyptus plantation in Brazil, with strict adherence to international forestry standards. Moreover, the company has been authorized to engage in derivative operations matching the bond issue amount and to take all necessary actions to formalize these resolutions.
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