J&F raises near $1 billion in international debt markets
Batista family conglomerate issues bonds through two deals
30 April 2026
1 minute read
By: Brazil's J&F SA, owned by the Batista family, steps into the international debt market with close to $1 billion in bonds through two deals, according to a document seen by Reuters.
J&F, which controls JBS, the world's largest meat producer, raised around $400 million earlier this month through a seven-year bond at an 8% interest rate.
Now, the company is set to close a second transaction, with the conversion of an existing bond issuance from its pulp and paper company Eldorado into debt directly owed by J&F.
As of last Friday, the acceptance rate for the conversion stood at over 92%, representing around $460 million at an 8.5% yield, the same previously carried by the offer, according to a financial document.
J&F declined to comment.
The group's debut in the international debt market comes as J&F, formerly known as J&F Investimentos, seeks to consolidate its subsidiaries, including pulp producer Eldorado, mining company LHG Mining and personal care brand Flora, under a single, active conglomerate, a shift completed in early 2026. JBS, listed on the New York Stock Exchange, remains a separate entity.
