Brasil Foods launches dollar, real notes due in 10 and five years

By Christine Van Dusen

Atlanta, May 14 -Brazil's Brasil Foods SA (BRF) launched a two-tranche issue of dollar- and Brazilian real-denominated notes due in 2023 and 2018, a market source said.

The deal included $500 million notes due in 2023 that launched at Treasuries plus 220 basis points. The notes were talked at a spread in the 237.5 bps area.

The second tranche - R$500 million notes due 2018 - launched at 7¾%. The notes were talked at a yield in the 7¾% area.

BB Securities, Bradesco BBI, Itau BBA, Morgan Stanley and Santander were the bookrunners for the Rule 144A and Regulation S deal.

BRF is a food company based in Itajai, Brazil.

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