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Published on 6/29/2016 in the Prospect News Emerging Markets Daily.

Brazil’s Marfrig sets talk for $250 million reopening of 8% notes due 2023 at 7¾% area yield

By Christine Van Dusen

Atlanta, June 29 – Marfrig Global Foods SA set talk in the 7¾% area for a $250 million reopening of its 8% notes due June 8, 2023 (B2/B+/B+), a market source said.

BB Securities, Bradesco BBI, HSBC, Morgan Stanley and Santander are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to repay outstanding debt.

Marfrig is a Sao Paulo-based food processing company.


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