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Marfrig reduces costs and raises US$ 850 million

Marfrig, Brazil's second largest beef processor, experienced strong demand for its new international bond issue, raising US$ 850 million, and reducing costs. The bonds, which mature in 2019, were issued on Tuesday, June 10, with a coupon of 6.875% per annum.

The demand for the bonds was US$ 5 billion, leading to Marfrig increase the volume available. The company's initial plan was to raise between US$ 400 million and US$ 500 million.

This was its third bind issue in 2014.

Information provided by Valor Econômico
 

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