Marfrig sells notes to fund CRA deal

Marfrig sells notes to fund CRA deal

Capital Markets Corporate & Sovereign Strategy Debenture Brazil Latin America

Brazilian food company Marfrig said Wednesday that it sold BRL250 million ($46.5 million) worth of debentures to the local securitization firm RB Capital to fund a deal for agricultural receivables certificates, or CRAs. Marfrig did not reveal pricing information for the two-year notes, according to a securities filing on Wednesday. In August last year, Marfrig set up another CRA deal with RB Capital with BRL250 million in four-year debentures at 104% of the DI interbank lending rate, according

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial