
Meat Giant JBS Plans First Bond Sale After US Listing to Extend Debt Maturities
The Brazilian company is expected to price a three-part offering of debt due in 10, 30 and 40 years on Monday, according to a person with direct knowledge of the matter. JBS has also made an offer to repurchase all of its $1 billion in notes expiring in 2027 and disclosed plans to redeem at least a portion of its $900 million in bonds due 2028, according to a statement.

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Canada sees growing appetite for conversations on Mercosur trade pact, minister says
By Promit Mukherjee OTTAWA (Reuters) -Canada's International Trade Minister said on Thursday that there was an appetite from both sides to advance conversations on a trade deal with South American bloc Mercosur, as Canada seeks trade pacts globally in push to diversify from the U.S. Prime Minister Mark Carney and his team have been locked in talks with U.S. President Donald Trump to hash out a trade deal by August 1, which could help reduce tariffs on Canada. But his government is also preparing to rely less on a relationship that generated bilateral trade of over C$1 trillion ($727.33 billion) last year and focusing on diversifying trade by signing free trade pacts globally. "I had conversations with the foreign minister of Brazil, and there is appetite to carry conversations around Mercosur," , Minister Maninder Sidhu said in an interview with Reuters. Brazilian President Luiz Inacio Lula da Silva had said in April that he was interested in advancing talks for a trade deal between South America's Mercosur bloc and Canada. Mercosur - which includes Brazil, Argentina, Paraguay and Uruguay - has had negotiation rounds for a trade deal with Canada in the past. Canada is also keen to continue talks with China to address trade challenges and sees a thawing of relations between India and Canada as an important step to support trade, the Minister said. Canada has 15 free-trade deals covering 51 countries, giving it access to 1.5 billion consumers and Sidhu said that Canada will be pursuing more such deals in the coming months without giving a specific target. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
an hour ago
- Bloomberg
SL Green Raises More Than $1 Billion for New NYC Debt Fund
SL Green Realty Corp. pulled in more than $600 million in the past month for its new opportunistic debt vehicle focused on New York City, according to a person familiar with the matter. The latest haul brings the fund's total commitments above $1 billion, the person said, adding that some pledges closing in the coming weeks are expected to put the vehicle over its cap.
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an hour ago
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Credit Quality Takes the Spotlight in American Express Q2 Preview
American Express (NYSE:AXP) reports before the bell on Friday, July 18. Consensus sits at $3.89 EPS and $17.7 billion in revenue, up 8% YoY, with network volume estimated near $466 billion. The first screen will be credit quality and growth optics. The 30-day delinquency rate has stayed around 1.3%, with net write-offs at about 2.1%. A jump into the mid-2s would outweigh any modest revenue beat. Investors also want to see billed business still clipping along in the low-teens, healthy Gen Z and Millennial acquisition, and management holding its 8 to 10% revenue growth and $15.00 to $15.50 EPS full-year guide. Analysts might try to get any management color on stablecoins. Price reaction hinges on those metrics. A clean beat with EPS at or above $3.90, stable credit, and raised guidance might drive the shares through the recent $330 ceiling to fresh highs. Misses tied to credit slippage or a trimmed outlook could see the stock slide toward its 200-day average near $290. Expect the tape to move on credit headlines first, revenue second, and crypto chatter not at all. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data