No more plans for raising capital, says BRF
The president of Brasil Foods (BRF), José Antonio Fay, has said the company does not have any plans to raise more capital. Last week the company raised US$ 750 million to roll over its debt. According to the executive, the company has a relatively constant presence on the debt market but there are no plans for further capital raising now, said Fay.
On May 20 BRF announced the redemption of bonds maturing in 2017 and 2020. The company said the exchange offer includes bonus stock issued by Sadia Overseas Ltd., guaranteed by BRF, with a coupon of 6.875% per year, and bonds maturing in 2020 issued by BFF International Limited, also underwritten by BRF, with a coupon of 7.25% per year, up to a limit of US$ 150 million in bonds due in 2023, issued last week with a coupon of 3.95%.
Information provided by Valor Econômico