Slaughterhouses raise US$ 2 billion in bonds abroad
In the first month of the year almost US$ 2 billion was raised through bonds issued on the international market by the three largest Brazilian slaughterhouses, all of them looking to restructure debt. Together, JBS, Marfrig and Minerva raised US$ 1.95 billion at rates that are more competitive than were initially expected. Given the good market conditions, the three slaughterhouses took the opportunity to pay reduced interest rates. On Tuesday, JBS raised US$ 500 million in ten-year bonds, about two weeks after Marfrig and Minerva raised about US$ 600 million and US$ 850 million, respectively, in bonds maturing in 2017 and 2023.