CSN concludes repurchase of bonds due in 2019 and 2020

Tuesday, 07 May 2019 00:13:25 (GMT+3)   |   Sao Paulo

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) concluded the repurchase of over $1 billion in bonds issued by CSN Resources and CSN Islands XI Corp due in 2019 and 2020, the company said.

CSN said it purchased $404.7 million of bonds due in 2019 and $673.9 million of bonds due in 2020, totaling $1.07 billion. CSN said it has already paid for part of the bonds it repurchased, and plans to pay for the remaining bonds it repurchased on May 7, 2019.

CSN said it paid an interest rate of 6.87 percent for the 2019 senior unsecured guaranteed notes, and 6.50 percent for the 2020 senior unsecured guaranteed notes.

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