The national company dedicated to the manufacture and commercialization of fertilizers seeks to cancel its financial debt.
He Next Tuesday June 20Sulfuric Industry SA (isusa), the only national company dedicated to the manufacture and commercialization of fertilizers, will launch a new issue of Negotiable Obligations, for an amount that will from 3 million dollars to 5 million dollarsas reported Urraburu Stock Broker.
The objective of the broadcast that Isusa will make is the “cancellation of financial debt and working capital“, and the subscription method will be an English-type price tender.
The annual interest was set at 6%.with a semi-annual payment frequency and a maturity of September 30, 2026. The Personal Income Tax (personal income tax) will reach the 7% on interestwhile the capital amortization will be in two equal installments on September 30, 2025 and September 30, 2026.
Isusa reported sales of 179 million dollars in 2022
The producer of sulfuric acid and calcium superphosphate reported sales of 179 million dollars in 2022, achieving a net profit of 18 million dollars, according to its latest balance sheet. Likewise, the company currently has a “low level of indebtedness” and “adequate financial flexibility,” according to Urraburu CB.
This financial flexibility is based on “a long track record in the local stock market,” as well as “good access to bank credit,” which has led the rating agency Moody’s assign it a risk rating of “A-.oop“explains the stockbroker.
“Based on our analysis of the company and the conditions of the issuance, we positively value the short term” of the Negotiable Obligations, as well as “its good risk and profitability rating,” the stockbroker said in a statement.
The sulfuric acid producer, which also ranks second in the local market in terms of the fertilizer and fungicide segment, provides a key raw material for the production of pulp in Uruguay.
Source: Ambito
