May 8, 2019 |
Brazil's largest meat processing companies have largely completed their liability management plans for 2019, although a few smaller companies could go to the local bond market as they ramp up exports to China, LatinFinance has heard.
"They could come back, but given the money they raised recently and the fact that they don't want their debt ratings affected, I think they are probably done for the year," said a debt capital markets banker in New York.
JBS added $1.2bn to outstanding bonds through
JBS and Marfrig will likely stay away from the bond market for the rest of the year, but BRF could set the stage for more local debt sales, sources say