Brazil’s Usiminas Said to Be Seeking Dollar-Bond Renegotiation

Updated on
  • Most likely outcome is swap for longer dated notes: sources
  • Dollar bond talks would follow June deal with local creditors

Usiminas is exploring a plan to push out maturities on its dollar bonds as part of the Brazilian steelmaker’s broader debt restructuring after prices and demand slumped, people with knowledge of the matter said. 

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