JBS Goes Large

JBS Goes Large

Brazil Bonds

Brazil's JBS has raised $1bn its largest-ever international bond transaction, after getting more than $5bn in orders, according to people following the sale. Capitalizing on an increase in appetite for high-yield credits, the Brazilian protein company priced the 2020 NC4 at par with a 7.75% coupon, to yield at the tight end of 7.75%-7.875% guidance that followed 8.125%-area talk. The bond was heard trading up 1.0 points late Wednesday. "JBS has been in the market a couple of times and nobody wan

Already have an account?

Free trial

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

Free Trial