SAO PAULO, Jan 20 (Reuters) - Brazil meatpacker Marfrig Global Foods said on Monday that it had concluded early repayment of its most expensive debt, $446 million in bonds due in 2023.
The bonds had an annual interest rate of 8%, Marfrig said, and had been issued in 2016. The company said the early repayment was in line with a cost-cutting strategy.
Reporting by Marcelo Rochabrun; Editing by Alex Richardson
Our Standards: The Thomson Reuters Trust Principles.