August 26, 2019
Brazil's JBS said its board has approved the sale of BRL600m ($146m) in local debentures to raise money to buy cattle.
The meatpacking company will divide the deal into two parts, with four-year notes based on the DI interbank lending rate and five-year notes based on the IPCA consumer price index.
The first series will likely price from 104% to 115% of the DI, while the second series pay at least 3.8% over IPCA but not more than 5%, JBS said in a statement.
JBS will use the debentures to bac
Brazilian meatpacker plans to raise $146m to buy livestock