Brazil sugar giant Raizen raises $233 mln, agrees $500 mln credit line

SAO PAULO, March 25 (Reuters) – Brazil’s Raízen Energia SA, the world’s largest sugar maker, raised 900 million reais ($233 million) using Agribusiness Receivables Certificates (CRA), the company’s chief financial officer told Reuters on Monday.

Guilherme Cerqueira, the CFO, said the company initially expected to earn 750 million reais from the operation but raised more due to demand, which exceeded expectations by more than double.


By Roberto Samora via Reuters


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