New York, August 10, 2020 — Moody’s Investors Service, (“Moody’s”) has assigned a Baa3 rating to Bunge Limited Finance Corp.’s $500 million issuance of guaranteed senior unsecured notes due 2025. Bunge Limited Finance Corp. is a wholly-owned subsidiary of Bunge Limited (“Bunge”) and these notes are fully, unconditionally, and irrevocably guaranteed by Bunge Limited. Proceeds are expected to be used for general corporate purposes including the refinancing of short-term debt. The rating outlook is stable.
“Bunge is terming out some of its short term debt, which will improve liquidity ahead of maturities later in 2020 and extend its maturity profile”