Marfrig Preps Local Issue

Brazilian meatpacker Marfrig is planning to raise BRL600m in local 2015 bonds, it says. The issuance would be divided into a portion paying interest at up to 127.6% of DI rate, and another paying interest at the ICPA inflation index plus up to 9.5%. A finance official declines to say whether a bank has been hired. Marfrig is rated BBB+ on a national scale.