Unknown Farmer Hits the Road

Unknown Farmer Hits the Road


Brazilian soy and cotton grower Vanguarda do Brasil is set to pitch a debut $200m 2014 bond today in Switzerland, following Asian meetings earlier this week. A roadshow is due to visit London Friday before hitting New York Monday and finishing in LA Tuesday. Morgan Stanley is managing the sale, rated B3/B minus. The issuer wants to raise funds to repay working capital loans and other short-term debt. The unknown farmer aims to become the second single B issuer from Brazil this year and first out

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