Bunge offers USD 1 bln of senior notes due 2031
Bunge Limited Finance Corp., Bunge's wholly owned finance subsidiary, has priced a public offering of USD 1 bln aggregate principal amount of 2.750% senior notes due 2031.
The senior notes will be guaranteed by Bunge Limited.
The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The transaction is expected to close on May 14, 2021, subject to the satisfaction of customary closing conditions, the company informs.
Bunge intends to use the net proceeds from the offering of the senior notes for general corporate purposes, including repayment of certain short-term indebtedness.
The company reported that its Board of directors announced a quarterly common dividend of USD 0.525 per share, an increase of 5%. The dividend will be paid on 2 September 2021 to shareholders of record as of 19 August 2021.
