New bond issue: JBS sells USD 700m in 2020 bonds with 8.250% coupon
JBS (Brazil) on January 25, 2012 placed USD 700m in bonds with a 8.250% coupon, maturing in 2020.The deal was done via JBS USA. The bond was priced at 98.5690% to yield 8.5%. BB Securities, Banco Bradesco, JP Morgan, Santander, Rabobank, Wells Fargo arranged the deal.
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Issuer, issue number: JBS, 2020
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 2000
Amount: 700 000 000
ISIN: USU0901CAD21
End of placement: Jan 25 2012
Issue price: 98.569
Yield at Pricing: 8.5%
Coupon: 8.250%
Coupon frequency: 2 time(s) per year
Settlement Date: Jan 30 2012
Maturity date: Feb 01 2020
Issue Managers: BB Securities, Banco Bradesco, JP Morgan, Santander, Rabobank, Wells Fargo
Issuer profile:
JBS S.A. is the largest Brazilian multinational in the food industry, producing fresh, chilled, and processed beef, chicken and pork, and also selling by-products from the processing of these meats. It was founded in 1953 in Anapolis, Goias. The company has established itself as the world's largest company in the beef sector with the acquisition of several stores and food companies in Brazil and in the world, with emphasis on the 2007 acquisition of U.S. firm Swift & Company, denominated as JBS USA. It leads the world in slaughter capacity, at 51.4 thousand head per day, and continues to focus on production operations, processing, and export plants, nationally and internationally. With the new acquisition, JBS entered the pork market, featuring an impressive performance in this segment, to end the year as the third largest producer and processor of this type of meat in the U.S. The acquisition expanded the company's portfolio to include the rights worldwide use of the Swift brand. JBS's production structure is embedded in consumer markets worldwide, with plants installed in the world's 4 leading beef producing nations, Brazil, Argentina, USA and Australia, serving 110 countries through exports. On September 16, 2009 the company announced that it had acquired the food operation of Grupo Bertin, one of three Brazilian market leaders, consolidating its position as the largest beef producer in the world. The banks JP Morgan Chase and Santander Brasil assisted in the transaction. On the same day it was announced that the company had acquired 64% of Pilgrim's Pride for a bid of 2.8 billion US dollars, establishing JBS's position in the chicken production industry.
Outstanding issues:
5 issue(s) outstanding worth USD 3 250 000 000
