Majority Accepts Minerva Tender

Majority Accepts Minerva Tender

Brazil Bonds

Minerva has received acceptance from holders representing $9m (27%) of its 9.500% 2017 notes, $314m (84%) of its 10.875% 2019 notes and $317m (70%) of its 12.250% 2022 notes, it says. The figures apply to the results of its cash tender as of the January 25 early deadline. In the offer expiring February 8, accepting holders get $1,105 per $1,000 principal of the 2017s, $1,200 per $1,000 of the 2019s and $1,262 per $1,000 of the 2022s. The prices include a $30 per $1,000 bonus for those agreeing b

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