Tereos seeks new 300 million euros bond to repay some debt

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The bond would be due in 2027, it said in a financial release posted on its website. The group had already issued similar notes in October 2020, due in 2025.

Tereos, the world’s second-largest sugar producer by volume, had been grappling with low prices after the end of European sugar quotas in 2017, which had hit the sugar maker’s results for several years and driven up its debt levels.

($1 = 0.8819 euros)