BRF Issues $500 Million Bond Offer01 June 2012
BRAZIL - Brazilian meat and popultry processor, Brasil Foods has issued a 10 year bond offereing worth $500 million.
The bonds will have a yield on maturity of six per cent and will pay a semi-annual dividend. They will mature in 2022 and will be guaranteed by BRF and Sadia SA.
The Bonds are being sold exclusively to qualified institutional investors and people outsie of the US.
BRF said it intends to use the proceeds of the Offer to extend its debt maturity profile as well as for general corporate purposes.
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