Sateri files $1 bln IPO application to HKEx -IFR

HONG KONG Aug 2 (Reuters) - Brazilian dissolving pulp and viscose fibre maker Sateri International Group has filed a listing application with the Hong Kong Stock Exchange, aiming to raise $1 billion as early as October, IFR reported.

Media reported in April that Sateri, controlled by Indonesian businessman Sukanto Tanoto and his family, aimed to raise $1 billion in Hong Kong in the second half, becoming the first Brazilian company to list in Hong Kong.

Bank of China International has joined Credit Suisse (CSGN.VX) and Morgan Stanley (MS.N) to arrange Sateri's IPO.

Sateri owns and manages forests in Brazil and operates a cellulosic fibre mill in Jiangxi province in China.

(Reporting by Fiona Lau at IFR; Writing by Kennix Chim; Editing by Jonathan Hopfner)