Inpasa plans a new debenture issuance for investments in Sinop (MT).

Inpasa plans to carry out its 6th debenture issuance in order to raise R$ 1 billion to build two new ethanol plants in Sinop (MT), in addition to doubling the production capacity of its existing plant in the municipality, thus creating the largest ethanol production complex "in the world". According to a statement sent by the company to the Securities and Exchange Commission (CVM), each of the plants will have the capacity to produce 1,350 thousand m³ of ethanol per day. Currently, Inpasa has six other units in Brazil, located in Nova Mutum (MT), Dourados (MS), Sidrolândia (MS), Rio Verde (GO), Luis Eduardo Magalhães (BA) and Balsas (MA). The total investment to be made in the Sinop plants is estimated at R$ 1.644 billion, which should be raised, mostly (97.3%), through the issuance of bonds or securities. The current issuance, of R$ 1 billion, will be done in a single series and will finance 60.8% of the total.

This text was translated by machine from Brazilian Portuguese.