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Brazil's CSN expects to issue bonds by year-end, CEO says
October 20, 2017 / 6:21 PM / 2 months ago

Brazil's CSN expects to issue bonds by year-end, CEO says

SAO PAULO, Oct 20 (Reuters) - Brazilian steelmaker Companhia Siderúrgica Nacional SA plans to sell bonds on international markets in an effort to improve its debt profile, Benjamin Steinbruch, chief executive officer, said on Friday.

The executive also said CSN believes there is momentum for non-core asset sales. Steinbruch said the outlook is good for future increases in steel prices. “This may help cut our net debt-to-EBITDA ratio to 3.5,” Steinbruch added. (Reporting by Aluisio Alves; Writing by Ana Mano; Editing by James Dalgleish)

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