May 1, 2019 |
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
Brazilian food company looks to raise $190m from seven-year debenture deal