BRF LM success beats softer LatAm markets

By Oliver West
15 May 2014

LatAm bond markets finally began to show signs of softening in the second part of the week but food conglomerate BRF Brasil Foods showed there is still strong appetite for well thought out deals on Thursday.

BRF followed a path well trodden by Brazilian borrowers in 2014 by selling new bonds to fund a buyback of old bonds, and investors gave a strong response to the company’s liability management efforts.

Bookrunners BB Securities, BTG Pactual, Itaú, Morgan Stanley and Santander received some $3.6bn ...

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