Published on 6/1/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Brasil Foods sells $500 million 5 7/8% 10-year notes to yield 6%
By Aleesia Forni
Columbus, Ohio, June 1 - BRF Brasil Foods SA priced a $500 million issue of 5 7/8% 10-year senior notes (Baa3/BBB-/BBB-) at 99.07 to yield 6%, according to a market source.
BB Securities, Itau BBA, HSBC and Santander were the bookrunners for the Rule 144A and Regulation S deal.
Brasil Foods is a food processing and beverage company based in Itajai, Santa Catarina, Brazil.
| Issuer: | BRF Brasil Foods SA
|
| Issue: | Senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | June 6, 2022
|
| Bookrunners: | BB Securities, Itau BBA, HSBC, Santander
|
| Coupon: | 5 7/8%
|
| Price: | 99.07
|
| Yield: | 6%
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | June 1
|
| Settlement date: | June 6
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
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