JBS Prices Through Curve

JBS Prices Through Curve

Brazil Bonds

Brazil’s JBS has raised $500m from the bond market, issuing at the upper reaches of an anticipated $300m-$500m range and pricing through its curve. The B1/BB minus meatpacker had $2.5bn in orders from about 190 accounts, according to people following the sale. The 2023 NC5 priced at 98.183 with a 6.250% coupon to yield 6.500%, the tight end of 6.500%-6.625% guidance that followed high 6%-area talk. The deal was seen coming some 50bp through JBS’ secondary curve, and the bonds sold off early in t

Already have an account?

Free trial

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

Free Trial