BRF reduces bond buyback

BRF reduces bond buyback

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

Brazil's BRF has lowered the targeted amount in a previously announced bond buyback, saying it is now looking to repurchase up to $650m in notes that mature between 2022 and 2024. With the money from a recent bond sale, the meat company plans to repurchase up to $650m in bonds with as much $369m in 4.75% 2024 notes and $281m in 5.875% 2022 notes, 3.95% 2023 notes and 2.75% 2022 notes in euros. Banco do Brasil, Bradesco BBI, BTG Pactual, Citi, Itaú BBA and Santander are the dealer managers on the

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