BRF announces bond buyback

BRF announces bond buyback

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazil's BRF said on Wednesday that it has offered to repurchase more than $1bn in outstanding notes that mature between 2022 and 2024. The food company put out the call to buy back any and all of its 5.875% 2022 notes, its 3.95% 2023 notes and its 2.75% 2022 notes in euros through September 18. After that, it said it could buy back some of it 4.75% 2024 notes if it does not spend more than $410m to acquire the other bonds. BRF has $119m in outstanding 2022 bonds, $500m in 2023s and €500m ($550m

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