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Minerva Sets Yield Target

Jan 17, 2013

Brazil’s Minerva has indicated 8.25%-area guidance for a new 2023 bond expected to price today. The issuer was heard with $2.25bn in orders Wednesday afternoon, for what should be a...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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