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Deals

Brazilian meatpacker JBS to buy back $875 million of bonds

FILE PHOTO: A JBS SA's poultry factory employee is pictured after the company was hit by an outbreak of the coronavirus disease (COVID-19), in Passo Fundo, state of Rio Grande do Sul, Brazil, April 24, 2020. REUTERS/Diego Vara

RIO DE JANEIRO (Reuters) - Brazilian meat producer JBS SA JBSS3.SA will redeem $875 million worth of bonds in August, it said in a securities filing on Friday.

According to the filing, the company will redeem $425 million of its 6.25% notes due in 2023 and $450 million of its 5.875% notes due in 2024.

Reporting by Gram Slattery; Editing by Sandra Maler

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