BRF brands first local debt sale

BRF brands first local debt sale

Debenture Debt Capital Markets Corporate & Sovereign Strategy Brazil

Brazil's BRF said it plans to issue BRL750m ($191m) from its first sale of debentures in the local market. The São Paulo-based food company will divide the deal into four series with maturities from three to seven years.  BRF expects to price three-year notes at up to 90bp over the DI interbank lending rate, five-year notes at 108bp over the DI and seven-year notes at 145bp over the DI. It also plans to price another series of seven-year notes at a fixed rate of up to 5.5%. BRF will use the mone

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