Marfrig Talks Price

Marfrig Talks Price

Brazil Bonds

Brazil’s Marfrig has released mid 11%-area initial price thoughts for an expected $600m 2021 NC4 bond sale, according to people familiar with the process. Leads are using Marfrig’s own curve as pricing reference points, with the meatpacker’s 2020 bond, callable in 2015, trading to yield 10.7% Tuesday. Fitch Ratings assigns a B rating to a $600m senior 2021 bond which may follow, market conditions permitting. The bond is guaranteed by Marfrig Alimentos SA and Marfrig Overseas Limited. Timing of t

Already have an account?

Free trial

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

Free Trial