CSN Asset Sales Gain Momentum as New CEO Fuels Bond Rally
Cia. Siderúrgica Nacional SA bonds are performing well following the appointment of a new CEO. Investors expect the company to proceed with asset sales to reduce its heavy debt load. The move aims to advance an ambitious program previously stalled.
Bonds issued by Cia. Siderúrgica Nacional SA are among the best performers in emerging markets following the appointment of its new CEO, as investors bet the company’s ambitious asset-sale program will finally move forward and allow the steelmaker to reduce its heavy debt load.
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