BRF, Minera México come to bond market

BRF, Minera México come to bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil Mexico US

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 buybac

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