JBS sells $235 million in debentures

by Meat&Poultry Staff
Share This:
Search for similar articles by keyword: [JBS SA]

SÃO PAULO, Brazil – JBS S.A. approved the sale of 500 million reais ($235 million) in debentures. The securities will be offered in three series starting July 15 in R1,000 ($469) each, according to a filing with CVM, Brazil's securities and exchange commission.

The first series will be repaid at Brazil's DI interbank rate, plus up to 1.5 percent, according to JBS. The second and third series will be repaid at rates of 5.9 percent and 6.5 percent respectively.

Bradesco, Banco do Brasil, BTG Pactual and HSBC will manage the sale pending approval by the CVM.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.