Main Debt instruments — Bonds, Debentures and Promissory Notes as of October 31, 2022
The debt instruments below account for over 90% of the Company’s total debt.
Sustainability-Linked Bond – Issuer: Natura Cosméticos S.A.
Issue Date | ISIN | Maturity | Principal | Coupon (per year) |
Payment of interest |
---|---|---|---|---|---|
05/03/2021 | 144A: US63883KAB17 RS: USP7088CA03 |
05/03/2028 | US$1,000.0 million(1) | 4.125% per year | 6 months (May and November) |
(1) Principal and interests fully hedged (swapped to BRL). For more information, see the explanatory notes to the Company’s financial statements.
For more information on Sustainability Linked Bond issuance, please access the following documents:
- Notice to the Market – Successful Closing of Sustainability-Linked Bond Issue
- Sustainability-Linked Bond – Framework
- Sustainability-Linked Bond – Second Party Opinion
- Sustainability-Linked Bond – Report 1 year
- Sustainability-Linked Bond – Audit Report non financial information (in portuguese)
- Sustainability-Linked Bond – Audit Report GHG emission (in portuguese)
Bonds – Issuer: Natura &Co Luxemburg Holding.
Instrument | Issue Date | Maturity Date | ISIN | Principal | Coupon (per year) | Payment of interest |
---|---|---|---|---|---|---|
Unsecured Bonds | 04/19/2022 | 04/19/2029 | 144A:US63884WAA62
RS: USL6S52VAA02 |
US$ 600 million | 6.000% | 6 months (April and October) |
Bonds – Issuer: Avon Products, Inc.
Instrument | Issue Date | Maturity Date | ISIN | Principal | Coupon (per year) | Payment of interest |
---|---|---|---|---|---|---|
Unsecured Bonds | 03/12/2013 | 03/12/2043 | US054303AZ59 | US$ 216.2 million | 8.450%(1) | 6 months (March and September) |
(1) Coupon based on current credit ratings, governed by interest rate adjustment provisions
Debentures – Issuer: Natura Cosméticos S.A.
Issuance | Issue Date | Ticker | Maturity | Principal | Remuneration | Payment of interest |
---|---|---|---|---|---|---|
11th issue 2022 | 07/21/2022 | NATUA1 | 07/21/2027 | BRL 826.0 million | DI + 1.65 per year | 6 months (January and July) |
Real State Receivables Certificate (CRIs) – Issuer: Natura Cosméticos S.A.
Issuance | Issue Date | Ticker | Maturity | Principal | Remuneration | Payment of interest |
---|---|---|---|---|---|---|
1st CRI issue 2022 | 10/06/2022 | BRIMWLCRIE48 | 09/14/2027 | BRL 255.9 million | CDI + 0.80% | 6 months (March and September) |
BRIMWLCRIE55 | 09/14/2029 | BRL 487.2 million | IPCA + 6.80% | |||
BRIMWLCRIE63 | Equal installments between 2030 and 2032 | BRL 306.9 million | IPCA + 6.90% |
Commercial Notes – Issuer: Natura Cosméticos S.A.
Issuance | Issue Date | Ticker | Maturity | Principal | Remuneration | Payment of interest |
---|---|---|---|---|---|---|
1st issue 2022 | 09/19/2022 | NC0022009KK | 09/19/2025 | BRL 500.0 million | DI + 1.55 per year | 6 months (March and September) |
Debt Amortization Schedule1
Natura &Co Holding S.A. consolidated position, as of September 3o, 2022.
a) Does not consider the issuance of R$ 1.05 billion of Certificates of Real State Receivables (”CRI”), issued on 10/19/22.
b) 2028+: BRL 9.9 billion includes US$ 1.0 billion of the sustainability-linked bond due 2028, Natura &Co Holding bonds of US$ 600 million due 2029, Avon Products Inc bonds of US$ 216 million due 2043
Debt Profile
Natura &Co Holding S.A. consolidated position, as of September 30, 2022.
Indebtedness Ratio Evolution
Value (BRL million) |
Sep-21 |
Sep-21 |
Dec-21 Natura Cosméticos S.A.(3) |
Dec-21 |
Mar-22 Natura Cosméticos S.A.(3) |
Mar-22 |
Jun-22 Natura Cosméticos S.A.(3) |
Jun-22 |
Sep-22 Natura Cosméticos S.A.(3) |
Sep-22 |
---|---|---|---|---|---|---|---|---|---|---|
Short Term | 925 | 1,156 | 681 | 945 | 772.5 | 3.863,5 | 1,045.9 | 726.0 | 320 | 429 |
Long Term | 7,464 | 11,133 | 7,614 | 11,380 | 6,678.7 | 7.692,4 | 6,994. | 11.992,8 | 7,814 | 12,971 |
Gross Debt(1) | 8,388 | 12,289 | 8,296 | 12,325 | 7,451.2 | 11,556.0 | 8,040.6 | 12,718.8 | 8,134 | 13,401 |
Foreign Currency Hedging (Swaps)(2) | (230) | (230) | (379) | (379) | 628.8 | 627.6 | 75.5 | 54.8 | 59 | 52 |
Total Gross Debt | 8,158 | 12,059 | 7,917 | 11,946 | 8,080.0 | 12,183.6 | 8,116.1 | 12,773.6 | 8,194 | 13,453 |
Cash and Short-Term Deposits | (3,738) | (5,359) | (4,669) | (5,986) | (3,220.2) | (4,536.7) | (3,041.6) | (4,275.6) | (3,023) | (4,629) |
Total net debt | 4,421 | 6,700 | 3,247 | 5,960 | 4,859.8 | 7,646.9 | 5,074.5 | 4,275.6 | 5,171 | 8,823 |
Net Debt/ EBITDA(4) | 1.84x | 2.74x | 1.21x | 2.19x | 1.84x | 3.06x | 1.83x | 3.46x | 1.88x | 4.15x |
Net Debt/ EBITDA(5) | 1.32x | 1.83x | 0.90x | 1.52x | 1.38x | 2.13x | 1.43x | 2.46x | 1.49x | 2.85x |
(1) Gross debt: excludes Purchase Price Allocation (PPA) effects and lease agreements.
(2) Foreign currency debt hedging instruments, excluding mark-to-market effects.
(3) Until Sep-19 indebtedeness is presented for Natura Cosméticos S.A. only. From Dec-19, the indebtedness calculation is presented for Natura Cosméticos S.A. and also for Natura &Co Holding S.A., separately.
(4) Indebtedness ratio excluding IFRS 16 effects.
(5) Indebtedness ratio including IFRS 16 effects.