Raizen SA reached an out-of-court restructuring agreement with the majority of its creditors, according to a regulatory filing, marking a key step in the Brazilian sugar-and-ethanol producer’s efforts to rework its debt.
Raizen SA reached an out-of-court restructuring agreement with the majority of its creditors, according to a regulatory filing, marking a key step in the Brazilian sugar-and-ethanol producer’s efforts to rework its debt.
The Raizen SA distribution center in Sao Paulo, Brazil.
Brazil’s Raizen SA is preparing to present creditors with a final restructuring proposal as soon as Wednesday, a key step in the struggling sugar and ethanol producer’s months-long push to clinch an out-of-court debt overhaul.
Brazil’s Raizen SA is preparing to present creditors with a final restructuring proposal as soon as Wednesday, a key step in the struggling sugar and ethanol producer’s months-long push to clinch an out-of-court debt overhaul.
Most emerging-market currencies weakened on Tuesday as overnight clashes near the Strait of Hormuz offset signs of progress toward a US-Iran peace deal, even as developing-nation stocks rose on optimism around artificial intelligence.
Most emerging-market currencies weakened on Tuesday as overnight clashes near the Strait of Hormuz offset signs of progress toward a US-Iran peace deal, even as developing-nation stocks rose on optimism around artificial intelligence.
The Yeouido financial district in Seoul. Photographer: SeongJoon Cho/Bloomberg
Login
