Marfrig flies in secondary to ignite Brazil hopes

Oliver West

May 26, 2016 10:45 pm

Henrique Meirelles, Brazil, Marfrig, Temer — Brazil's Finance Minister Henrique Meirelles speaks during a news conference following a meeting on economic measures with party leaders from the Lower House and Senate at Planalto presidential palace in Brasilia, Tuesday, May 24, 2016. Meirelles and acting President Michel Temer announced belt-tightening measures aimed at pulling Latin America¬ís largest economy from its worst crisis in decades, including taking back billions it loaned Brazil¬ís state-run investment bank, abolishing a fund created to channel oil revenues into education, sharply cutting public spending and negotiating reforms to the country¬ís pension system. Temer took over after President Dilma Rousseff was impeached earlier this month for allegedly using accounting tricks in managing the federal budget. (AP Photo/Eraldo Peres) | Eraldo Peres/AP/Press Association Images

Brazilian meatpacker Marfrig increased the size of a new bond by 50% and still saw it trade two points above reoffer the day after pricing this week as Lat Am syndicate bankers said they were lining up more corporate issuance from beleaguered Brazil.

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Topics

LatAm Bonds Emerging Markets Brazil LatAm

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Oliver West

US Bureau Chief - Latin America Editor