Brazil's CSN plans roadshow for real-denominated notes

By Christine Van Dusen

Atlanta, Nov. 30 - Brazil's Companhia Siderurgica Nacional has mandated BB Securities, Bank of America Merrill Lynch, Deutsche Bank and Morgan Stanley to arrange a roadshow for a possible issue of real-denominated notes, a market source said Wednesday.

The roadshow will start Dec. 5 and travel to Los Angeles and New York before wrapping up on Dec. 7 in Boston.

In August the Sao Paulo-based steel firm said its board of directors approved issuing R$1.15 billion of eight-year non-convertible debentures in a public offering.

The company will issue 115 notes with nominal unit value of R$10 million each, according to a company news release.

Proceeds will be used to finance working capital.

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