Peru and Brazil

Nexa to raise US$500mn in overseas bond issue

Bnamericas Published: Tuesday, June 16, 2020
Nexa to raise US$500mn in overseas bond issue

Brazilian zinc producer Nexa Resources plans to raise US$500mn from the issue of overseas bonds. 

The bonds will be due in January 2028 and bear annual interest of 6.5%. 

"Nexa expects to use the proceeds of this offering to repay a portion of its existing financial indebtedness and the remainder, if any, for general corporate purposes," the company said in a statement. 

Nexa currently owns and operates five underground mines – three in the central Andes of Peru and two in Brazil’s Minas Gerais state – and is developing the Aripuanã project as its sixth underground mine in Brazil’s Mato Grosso state.

"The transaction will improve Nexa's debt maturity profile and will help reduce funding costs and interest expenses, with no impact on leverage," said Moody's, which rated the issue ‘Ba2’. 


In May, Nexa reduced its capex plan for this year by 27% to US$300mn in order to protect its cash position amid the coronavirus crisis. 

Nexa, the world’s fourth largest zinc concentrate producer, also cut its 2020 estimate for production and sales due to the pandemic.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals (Brazil)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Cajueiro
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Salobo III
  • Current stage: Blurred
  • Updated: 3 months ago
  • Project: Gelado
  • Current stage: Blurred
  • Updated: 2 months ago

Other companies in: Mining & Metals (Brazil)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Nexa Resources S.A.  (Nexa)
  • Large-scale integrated zinc producer Nexa Resources S.A. (Nexa) is a Brazilian metal mining company, formerly known as Votorantim Metals. The company is part of the local Votora...
  • Company: Votorantim Cimentos S.A.  (Votorantim Cimentos)
  • Votorantim Cimentos S.A. is a Brazilian producer of cement, concrete, aggregates and mortars for industrial clients. The firm has 40 production units in the country. Outside Bra...
  • Company: Companhia Siderúrgica do Pecém  (CSP)
  • Companhia Siderúrgica do Pecém (CSP) is a Brazilian joint venture between South Korean steelmakers Posco and Dongkuk and Brazilian mining giant Vale. CSP is building a steel mil...
  • Company: CSN Mineração S.A.  (CSN Mineração)
  • CSN Mineração is a mining subsidiary of the Brazilian steel conglomerate CSN. The company produces iron ore, an activity that it carries out in the municipalities of Congonhas, ...
  • Company: Gerdau S.A.  (Gerdau)
  • The Brazilian steelmaker Gerdau SA is one of the main producers of long steel in America and of special steels in the world, supplying the civil construction, industry and agric...
  • Company: FLSmidth Brasil
  • FLSmidth Ltda (FLSmidth Brasil) is the Brazilian subsidiary of FL midth & Co, the Danish supplier of equipment and services to the global cement and minerals industries. Headqua...