Paraguayan protein company taps for $40m

Paraguay, Asunción, 575, LatAm, government
By Oliver West
22 Oct 2020

Frigorífico Concepción, the Paraguayan beef exporter, raised $40m in bond markets on Wednesday after a three-day sales process.

Oppenheimer, acting as sole bookrunner, had on Friday set initial price thoughts at 11% for a 144A/Reg S reopening of Frigorífico’s B- rated 10.25% senior secured January 2025s, issued in January this year.  

On Wednesday, the company priced a $40m tap of the bonds, reoffering the notes at ...

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