Raízen Bonds Jump on Disclosure of Terms for Restructuring Deal

Raízen SA’s dollar bonds jumped after the company disclosed documents that are a part of negotiations tied to its out-of-court restructuring plan, as the Brazilian sugar and fuel company races to finalize a deal.

The documents shared with groups of creditors include forward-looking projections and restructuring terms that are still subject to pending negotiations and approvals, according to a regulatory filing late Wednesday. The information doesn’t represent official company guidance and no official agreement has been reached, the filing reads.

Raízen’s dollar bonds gained across the curve on Thursday, outperforming regional peers, with notes in 2032 — some of ...