Brazil protein sector to adopt LM diet as BRF preps bond

BRF, Brasil Foods, Brazil, beef, protein, LatAm, 575
By Oliver West
15 Sep 2020

Brazilian food company BRF is planning a new dollar bond to finance a buy-back of euro and dollar notes maturing between 2022 and 2026 as investors say the protein sector’s strong performance this year means conditions are ideal for liability management trades.

BB Securities, Bradesco, BTG Pactual, Citi, Itaú, JP Morgan, Morgan Stanley and Santander began investor calls on Monday for Ba2/BB rated BRF, which sells processed products as well as chicken and pork. Citi is coordinating logistics. 

Although BRF told investors it is planning a benchmark ...

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