Brazil's JBS says redeeming $875 million in debt

Brazil's JBS says redeeming $875 million in debt

Asset Management Debt Bonds Corporate & Sovereign Strategy Fixed Income Brazil Latin America

Brazil's JBS SA, the world's largest meatpacker, said on Friday it would buyback $875 million worth of its bonds in August, according to a securities filing. The company, which has been hit hard by the COVID-19 pandemic sweeping through its facilities, said it would redeem in cash 100% of its aggregate outstanding amount of 6.25% 2023 notes for $425 million at a price of 101.042. The notes, issued at a discount price of 98.183 in February 2013 by JBS Investments GmbH, were last bid at 100.50 wit

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