Investors in agribusiness receivables certificates (CRAs) and debentures from Raízen are attempting to divest their holdings after the company announced an extrajudicial recovery plan on October 10. Following this announcement, titles were spotted on the secondary market selling at approximately 60% discounts, indicating a significant fall in confidence among investors in the company's stability. For instance, a CRA set to mature in July 2029, valued at 100% of the CDI, was traded at R$ 421.47, substantially lower than its face value of R$ 1,021.16.

Data from Anbima (the Brazilian Association of Financial and Capital Markets Entities) shows that this drastic drop translates to a potential yield of 490% of the CDI for investors purchasing at the discounted rate, as they anticipate the company will honor its payment obligations upon maturity. Another CRA with a maturity date and additional IPCA + 3.6% yield was also being sold for R$ 600.40, again reflecting a comparable discount. The situation raises concerns about the financial health of Raízen and the wider implications for investors involved in agribusiness financial instruments.