Marfrig Aims for Mid-10%

Marfrig Aims for Mid-10%

Brazil Bonds

Brazil’s Marfrig is targeting a yield of mid 10% for a new 2017 bond, according to investors following the sale. The B2/B+/B+ rated meatpacker is due to complete investor meetings today in New York, with pricing to follow. The meatpacker is looking to raise $300m, according to Moody’s. Proceeds are to be used to improve the company’s capital structure by lengthening its debt profile. Bank of America Merrill Lynch, Bradesco, Banco do Brasil and Itau are managing the transaction, to be done throug

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial