Investors chomp at BRF bit in strong Lat Am

By Oliver West
19 Sep 2019

Brazilian food group BRF priced a new larger than expected 10 year at a tighter than excepted yield as Lat Am’s strong September continued apace after a one day break for the US Federal Reserve meeting on Wednesday.

On the same day that mining company Minera México also sold a well received new bond (see separate story), BRF, which had been suffering negative cash flow from 2016 until the second quarter of this year, received $3.6bn of orders for a $500m 10 year deal.

The demand allowed ...

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