August 30, 2019
Brazilian meat company could get $60m from the sale of receivables through RB Capital
Brazil's Marfrig plans to sell BRL250m ($60.1m) in agribusiness receivables certificates, or CRAs, through the local securitization firm RB Capital, according to a report from S&P Global.
As part of the deal, RB Capital will buy four-year debentures from Marfrig at 104% of the DI interbank lending rate as a guarantee and then offer the CRAs to investors.
S&P gave the CRAs a brAA+ rating on the local scale, saying the debentures behind them stand at the same level as Marfrig's other senior unsecured debts.