Brasil Foods Issues $500 million Bond Offer

BRAZIL - Brazilian meat and poultry processor, Brasil Foods has issued a 10 year bond offering worth $500 million.
calendar icon 1 June 2012
clock icon 1 minute read

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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