Creating Shared Value - 2020 Strategy & Results
First private placement of GBs in Brazil
■ International market is attractive without the use of tax incentives;
■ International markets do not require unique rules, but require transparency in reporting
and specific audits;
■
Reputational gains;
■ Access to diversified capital;
■ Access to responsible investors with medium to long term view;
☐
Long-term funding for initiatives with proven social and environmental gains.
■ BRF - Value: 500 MM (Euros):
✓ The notes won't be sold in Brazil (offered to institutional investors);
✓ Annual coupon interest of 2.750% p.y. (Yield to maturity 2.822%);
✓
Launch in June/15, maturing in June /22 (7 years);
✓
Senior unsecured obligations;
Participating banks: Morgan Stanley, BNP Paribas, Santander, BofAML, Deutsche and
Citi;
Second Opinion: Sustainalytics.
brf
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