BRF taps euro market with tight green bond

BRF taps euro market with tight green bond


Brazil’s BRF took advantage of a yield-hungry European market on Friday, pricing a bond tight to the sovereign curve, LatinFinance understands. The Baa3/BBB/BBB- rated meat producer was heard to sell a 2.75% €500m 2022 to yield 2.822%. Bookrunners Bank of America-Merrill Lynch, BNP Paribas, Citi, Deutsche Bank, Morgan Stanley and Santander trimmed pricing to 225bp over mid-swaps, from price guidance of 240bp area. The deal was priced at 99.548. Observers said the pricing was tight. The sovereign

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