JBS to raise $400 million in debt bonds - leatherbiz: Leading news sit Leatherbiz

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JBS to raise $400 million in debt bonds

22/04/2009

Brazilian packer group JBS-Friboi is to raise US$400 million from an overseas bonds issue through its subsidiaries JBS USA, LLC and JBS USA, Finance.  

The bonds will mature after a five-year period. The company has explained that the idea is to 'geographically balance' its debt through the generation of revenue as well as improving liquidity in the short term and reinforcing available funds at a time of limited liquidity.

According to the Dow Jones, JPMorgan and Bank of America are leading the transaction.





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