Brazilian Farmer Keeps Mum on Bond

Brazilian Farmer Keeps Mum on Bond


The market awaits news on a $200m 2015 debut bond from soy and cotton grower Vanguarda do Brasil. An official familiar with the B3/B minus transaction say the sale is still being negotiated with investors, and that as of late Monday, there was still a plan to raise the funds. The issuer had been aiming for an 11% handle, according to investors following the transaction. B/B3 rated compatriot meatpacker Minerva scored 11.20% on a $250m 2020 bond, and while Vanguarda’s numbers are better, the cred

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