September 23, 2019
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
Brazilian meat company now aims to repurchase up to $650m in notes that mature between 2022 and 2024