Brazil's Friboi set guidance for $150 million five-year bonds at 9½% area

By Reshmi Basu

New York, Jan. 23 - Sao Paulo, Brazil-based beef producer Grupo Friboi (B1/B+) set initial price guidance for its debut offering of $150 million in five-year eurobonds in the area of 9½%, according to a market source.

The investor roadshow is scheduled to end in London on Wednesday.

The bullet bonds will be issued through JBS SA. Additionally, the issue will be guaranteed by Friboi's subsidiaries, which include Friboi Ltda, Agropecuaria Friboi Ltda, J&F Participacoes Ltda and JBS Agropecuaria Ltda.

JP Morgan is the bookrunner for the Regulation S transaction. ING is joint lead manager.

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