By Christine Van Dusen
Atlanta, May 14 - Brazil's Brasil Foods SA (BRF) priced 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 priced 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 - priced 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.
Other details were not immediately available on Wednesday.
BRF is a food company based in Itajai, Brazil.
| Issuer: | Brasil Foods SA (BRF)
|
| Description: | Senior notes
|
| Bookrunners: | BB Securities, Bradesco BBI, Itau BBA, Morgan Stanley, Santander
|
| Trade date: | March 15
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Amount: | $500 million
|
| Maturity: | 2023
|
| Spread: | Treasuries plus 220 bps
|
| Price talk: | Treasuries plus 237.5 bps area
|
|
|
| Amount: | R$500 million
|
| Maturity: | 2018
|
| Yield: | 7¾%
|
| Price talk: | 7¾% area
|
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