|Status||Country of risk||Maturity (option)|
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|Issue ratings (M/S&P/F)|
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|Borrower||Marfrig Global Foods|
|SPV / Issuer||MARFRIG HOLDINGS EUROPE B.V.|
|Bond type||Coupon bonds|
|Form of issue||Registered documentary bonds|
|Placement method||Open subscription|
The net proceeds from the sale of the notes are expected to amount to approximately U.S.$839.4 million after deducting certain expenses and commissions (including those to be paid to the initial purchasers) in connection with the offering. The company intends to use the net proceeds of this offering to finance the Tender Offers as described under “Management’s Discussion and Analysis of Financial Condition and Result of Operations—Material Contracts—Senior Notes—2017 Notes and— 2021 Notes,” and to pay fees and expenses associated with the Tender Offers. Any remaining net proceeds will be used to repay other outstanding indebtedness (including but not limited to open market repurchases of certain of our outstanding bonds) and for general corporate purposes.
|Par amount, integral multiple||1,000 USD|
|Nominal of international bonds||1,000 USD|
|Minimum settlement amount||200,000 USD|
|Outstanding principal amount||0 USD|
|Amount Outstanding||508,445,000 USD|
|Current coupon rate||6.875%|
|Day count fraction||***|
|Coupon frequency||2 time(s) per year|
|Interest accrual date||**/**/****|
|Trading floor||Date and time||Bid/ ask price (Yield)|
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
|06/21/2019||*** / *** (*** / ***)||*** (***)||***||***||Archive|
|Supranational bond issues|
|ISIN / ISIN RegS||USN54468AD05|
|CUSIP / CUSIP RegS||N54468AD0|
|Common Code / Common Code RegS||107812067|
|CFI / CFI RegS||DBFGGR|
|FIGI / FIGI RegS||BBG006MJJDX5|
|WKN / WKN RegS||A1ZKUX|
|Ticker||MRFGBZ 6.875 06/24/19 REGS|
|Issuer rating on issue date (M/S&P/F)||***/***/***|
|Initial issue price (yield)||***% (*.***%)|
|Bookrunner:||BTG Pactual Holding, HSBC, Itau Unibanco Holdings, Morgan Stanley|
|Issuer Legal Adviser (International law):||Linklaters|
|Issuer Legal Adviser (Listing law):||Jones Day Mexico, Maples & Calder|
|Arranger Legal Adviser (International law):||Simpson Thacher & Bartlett|
|Arranger Legal Adviser (Domestic law):||Pinheiro Neto|
|Issuer Legal Adviser (Domestic law):||Lefosse Advogados|
|Trustee:||Bank of New York Mellon|
|Depository:||Clearstream Banking S.A., Euroclear Bank|