| Notice to the Market - Currency Exposure | |
| | |
|
Investor Relations - News
|
|
Notice to the Market
Currency Exposure
São Paulo, September 23, 2015 - COMPANHIA SIDERURGICA NACIONAL ("Company") hereby informs that regarding a recent research report from a bank and a few press articles, which state that CSN has negative financials impacts with BRL depreciation for not having hedging instruments on its debt, we clarify that:
CSN has part of its debt denominated in USD, which generates a short position in this currency. This exposure is completely offset by the use of the following instruments:
-
CSN's cash position in USD;
-
Namisa's cash position in USD;
-
Derivatives booked at CSN;
-
Hedge Accounting booked at CSN.
To access the full version, please, click here.
|
|
|
Companhia Siderurgica Nacional
|
|
|
CODE : SID |
ISIN : US20440W1053 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Companhia Siderurgica is a development stage company based in Brazil. Companhia Siderurgica is listed in United States of America. Its market capitalisation is US$ 3.0 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on October 11, 2002 at US$ 0.70, and its highest recent level on December 01, 2006 at US$ 9.98. Companhia Siderurgica has 1 387 520 000 shares outstanding. |