Spanish food processor Campofrío Alimentacion has securitises part of its accounts receivable to issue around €150m (US$141m) worth of bonds.

The five-year securitisation bond will be administered by Société Générale. The exact value of the bond issue will depend on the how the company’s accounts receivables develop over the comibng five years, Campofrío said.

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The company added that the bond issue has a A-1+/P-1 rating from Standard & Poor’s and Moody’s.

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