September 20, 2019 |
Brazilian meatpacker BRF and Mexican miner Minera México each sold new benchmark-sized bonds in the cross-border market on Thursday as investors sought higher yields from Latin American paper, sources told LatinFinance.
Minera México, a subsidiary of Southern Copper, priced $1bn in 30-year notes with a 4.5% coupon to yield 4.578%, said a banker away from the deal.
BRF, meanwhile, issued $750m in 10-year bonds to yield 5%, the source said. The company sold the new notes to fund a planned buyback
Brazilian meatpacker and Mexican miner field heavy orders for new benchmark-sized notes, source says