JBS lowers funding costs on retap

JBS lowers funding costs on retap

Bonds Debt Capital Markets Corporate & Sovereign Strategy Loans Brazil US

Brazil's JBS said has lowered its funding costs on a $500m reopening of its 2026 notes and replaced its 2021 bonds with new 10-year debt at a lower rate. JBS Investments, a subsidiary of the São Paulo-based meat company, priced the retap to yield 6.72% as orders reached four times the initial expected amount. The company first sold the seven-year bonds with a 7% coupon to yield 7.125% in October last year. JBS USA, based in Colorado, issued $1bn in new notes at 6.5% and set aside the proceeds to

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