S&P rates Bunge notes BBB

S&P said it assigned its BBB issue-level rating to Bunge Ltd. Finance Corp.'s senior unsecured notes due 2025. Final amounts and pricing are to be determined. The notes will be guaranteed by its parent, Bunge Ltd. and carry its issuer rating because all of the company’s senior unsecured debt ranks equally.

The group intends to use the proceeds for short-term debt repayment and general corporate purposes.

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