JBS holds bond amid search for new bookrunner

JBS holds bond amid search for new bookrunner

Bonds

Brazilian protein company JBS postponed plans to issue a bond through its wholly owned subsidiary JBS USA on Wednesday, after saying it wanted to find a new bookrunner: “This action is being taken due to the company’s intention to engage a new lead arranger in this process,” the company said in a statement. JBS also cancelled a call with investors and analysts that had been scheduled for Thursday morning. Morgan Stanley and Wells Fargo had been mandated for the transaction, according to Dealogic

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