JBS ties new notes to receivables

JBS ties new notes to receivables

Debenture Debt Capital Markets Rule 400 Brazil

Brazilian meat company JBS plans to issue BRL2.04 billion ($364 million) in debentures to support the sale of agricultural receivables called CRAs, it said in a securities filing. São Paulo-based JBS said it will divide the deal into two parts with one series of seven-year notes and another of 10-year notes. It also said the debenture will pay interest rates based on the IPCA consumer price index, but it did not say how much it will issue in each series. Local securitization firm RB Capital will

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