Brazil's Friboi talks $200 million 10-year notes at 10½%, books could close Thursday

By Paul A. Harris

St. Louis, July 27 - Brazil's JBS SA (Grupo Friboi) talked its $200 million offering of 10-year senior notes at 10½% on Thursday, according to a market source.

The notes (B1/B+) are expected to price on Friday.

JP Morgan and ING are leading the Rule 144A and Regulation S offering.

The notes will be non-callable.

Sao Paulo, Brazil-based Grupo Friboi is the fourth-largest beef company in the world in terms of live cattle slaughtering capacity and the largest beef processor and exporter in Brazil and Latin America as measured by revenues.

The company has operations in Brazil and Argentina.

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