Meatpacker Bonds Plunge to 19 Cents as Default Risks Linger
Bonds from Frigorífico Concepción SA have plunged deep into distressed levels as the meatpacker faces looming debt payments that are more than triple its recent cash levels.
By Ken Parks, Maria Elena Vizcaino, Giovanna Bellotti Azevedo · Bloomberg Markets
Bonds from Frigorífico Concepción SA have plunged deep into distressed levels as the meatpacker faces looming debt payments that are more than triple its recent cash levels.