Brazil-JBS-Friboi the money keeps pouring in.

BRAZIL-JBS-FRIBOI THE MONEY POURS IN.

-Brazilian meatpacker JBS S.A. (JBSS3.BR), which controls leading beef exporter Friboi, confirmed details of its bond issue due in 2014 in a filing with stock regulators Thursday.

JBS said it raised a total of $700 million from the bond issue, more than the $400 million originally expected by the company. The company said it increased the issue because of heavy demand.

The May 2014 bonds came with a coupon rate of 11.625%. The bonds were priced at 95.046% of face value to yield 13%.

The company said it will use the proceeds to improve its short-term liquidity term and to reinforce its immediate cash position.

The bonds were issued through two JBS subsidiaries based in the U.S. , JBS USA LLC and JBS USA Finance.