Minerva to Extend Curve

Minerva to Extend Curve

Brazil Bonds

Minerva has launched a cash tender offer targeting three series of pricey bonds, it says, and will meet investors starting today ahead of a likely 10-year new issue, according to sources familiar with the process. The Brazilian meatpacker is to visit London, New York, Boston and Los Angeles through Wednesday. The proceeds will be used to repurchase the 9.500% 2017, 10.875% 2019 and 12.250% 2022 bonds involved the tender. Minerva is offering $1,105 per $1,000 principal of the 2017s, $1,200 per $1

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