BRF places dollar bonds

BRF places dollar bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian meat company BRF sold $500 million worth of 30-year bonds on Wednesday, raising money to pay for the buyback of notes that mature between 2022 and 2026, according to sources involved in the deal. With Banco do Brasil, Bradesco, BTG Pactual, Citi, Itaú BBA, JPMorgan, Morgan Stanley and Santander as joint bookrunners, BRF priced the new 5.75% notes at 98.247 to yield 5.875%, sources said. It started with initial price talk in the mid-6% area before putting guidance at 6%, plus or minus 1

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