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