Beverly Hills 12/15/2009 2:29:09 AM
News / Business

Brazil Beef Processor Plans $2 Billion Convertible Debt Sale

Finance World News Update by EQUITIES Magazine

Brazil’s JBS SA, the largest beef processor in the world, reported today that it plans to raise $2 billion in a bond offering as part of a plan to fund its U.S. unit after the Pilgrim’s Pride Corp takeover.

 

The bonds, which will be convertible into JBS USA Holding stock, will be sold in reais in local capital markets to a single investor through a private placement.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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