Marfrig tightens $500m sustainability bonds

By Oliver West
31 Jul 2019

Brazilian meatpacker Marfrig on Tuesday sold $500m of bonds that will be used to fund cattle purchases that meet its environmental and sustainable criteria.

B1/BB-/BB- rated Marfrig announced initial price thoughts of high 6%-7% area for a 10 year non-call five deal it was calling a “sustainable transition” bond

The company had scheduled calls on Monday and Tuesday but had limited time to get the deal through, with the quiet period ahead ...

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