BRF spends under $300 mln on bond buyback

BRF spends under $300 mln on bond buyback

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Brazil United States

Brazil's BRF said it spent around $290 million million on a bond buyback, using cash reserves to repurchase notes in US dollars and euros that mature between 2022 and 2024, according to a securities filing on Friday. The São Paulo-based meat company reacquired $152 million in dollar-denominated bonds, including $27.2 million in 5.875% 2022 notes, $60.6 million in 3.95% 2023 notes and $64.1 million in 4.75% 2024, along with €119 million ($140 million) in 2.75% 2022 notes. It did not repurchase an

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