Brazil's Sadia to start roadshow next week for dollar-denominated bonds

By Reshmi Basu

New York, May 1 - Sadia Overseas Ltd. plans to start a roadshow for a dollar-denominated offering of intermediate-dated notes (Ba2/BB expected) next week, according to a market source.

The roadshow will begin in Hong Kong on Monday, in Singapore on May 8, in Zurich on May 9, in London on May 10, in Frankfurt on May 11, in New York on May 14, in Boston on May 15 and in Los Angeles on May 16. A roadshow may be added on May 17.

Brazilian food processing company Sadia SA will guarantee the issue.

Proceeds from the sale will be used to refinance existing debt and to finance capital expenditures.

ABN Amro is the bookrunner for the Rule 144A and Regulation S deal.

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