October 25, 2021
Brazilian meat company JBS is setting up a deal to sell BRL1 billion ($175 million) worth of agricultural receivables certificates, or CRAs, with the interest rate linked to more sustainable ranching practices, local business newspaper Valor Econômico reported on Friday.
The meat company will divide the deal into two series with five-year notes priced as high as NTN-B government bonds plus 0.95% or a fixed rate of 5.35% and 10-year notes at NTN-B plus 0.65% or 5%. JBS will increase the spread by
Brazilian meatpacker plans to sell $175 mln in CRAs as MRV plots a $123 mln deal