JBS USA returns to bond

JBS USA returns to bond

Bonds

JBS USA, a subsidiary of the Brazilian protein company, sold a $750m 2024 on Wednesday, reviving a bonds sale that it postponed last month. The bond was priced with a 5.875% coupon. Price thoughts heard earlier in the day indicated the bond would offer a yield of 5.75% to 6%. Bank of America Merrill Lynch, Barclays and Wells Fargo are understood to have managed the deal. JBS USA postponed plans to sell the 10-year non-call five bond on May 29, saying it needed to find a new bookrunner. Last week

Already have an account?

Free trial

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

Free Trial