Brazil´s J&F nears $1 billion in international bond market

Jbs NV

29/04/2026 20:01

SAO PAULO, April 29 (Reuters) - Brazil's J&F S.A., owned by the Batista family, steps into the international debt market with close to $1 billion in bonds through two deals, according to a document seen by Reuters.

J&F, which controls JBS Z98.F, the world's largest meat producer, raised around $400 million earlier this month through a seven-year bond at an 8% interest rate.

Now, the company is set to close a second transaction, with  the conversion of an existing bond issuance from its pulp and paper company Eldorado into debt directly owed by J&F.

As of last Friday, the acceptance rate for the conversion stood at over 92%, representing around $460 million at an 8.5% yield, the same previously carried by the offer,   according to a financial document.

J&F declined to comment.

The group's debut in the international debt market comes as J&F, formerly known as J&F Investimentos, seeks to consolidate its subsidiaries,  including pulp producer Eldorado, mining company LHG Mining and personal care brand Flora, under a single, active conglomerate, a shift completed in early 2026. JBS, listed on the New York Stock Exchange, remains a separate entity.

 (Reporting by Luciana Magalhaes)

 ((Luciana.NovaesMagalhaes@thomsonreuters.com;))