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Brazil pulp producer Aracruz sticks to ABS in troubled times

Drawing on an existing receivables program, Brazilian pulp potentate Aracruz Celulose priced a US$175 million deal on April 30 at 6.361%. Going ABS in the lead-up to a Fed tightening made the most sense, said Chief Financial Officer Isac Zagury. "The type of buyers in this aren't so sensitive...

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