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SAO PAULO, Jan 12 (Reuters) - Raízen Energia SA plans to sell up to $500 million in 10-year bonds as early as Thursday, as the Brazilian biofuels and logistics conglomerate seeks to refinance existing debt, a person with direct knowledge of the transaction said.
Raizen Fuels Finance, the Raízen subsidiary offering the debt, is initially offering investors a yield "in the mid to high 5 percent area," said the person, who requested anonymity since the deal is in the works.
Raízen, a joint venture equally owned by Royal Dutch Shell Plc and Brazil's Cosan SA Industria & Comercio, hired the investment banking units of Bank of America Corp, Citigroup, JPMorgan Chase & Co, Banco Santander and Banco Bradesco SA to manage the transaction. (Reporting by Guillermo Parra-Bernal; Editing by Chizu Nomiyama)