JBS raised US$ 500 million through a reopening of bonds issued in late March, according to market sources. The operation was split into two tranches of US$ 250 million each, maturing in 2037 and 2057.
As in the initial issuance, the funds will be used partly to repurchase existing debt and the remainder for general corporate purposes. With this reopening, total bond issuance by Brazilian companies in international markets has reached US$ 11.87 billion so far this year.
