JBS brings up new debt

JBS brings up new debt

Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Brazil

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 back t

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