BRF Seeks New 10-year

BRF Seeks New 10-year

Brazil Bonds

Brasil Foods (BRF) is planning to raise $500m from the sale of a new 2023 bond, according to rating agency reports. The food products company started meeting the buyside Thursday and is scheduled to visit Lima, Los Angeles, New York and Boston through Tuesday. BRF is looking for funds to refinance shorter-term debt, with the new deal possibly accompanied by an exchange offer to buy back existing bonds. Banco do Brasil, Bradesco, Itau, Morgan Stanley and Santander are managing. Baa3/BBB minus/BBB

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