Minerva announces debt sale

Minerva announces debt sale

Debenture Debt Capital Markets Corporate & Sovereign Strategy Rule 476 Brazil

Brazil's Minerva said it plans to sell up to BRL600m ($152m) in debentures to extend its debt maturities in the local market. The São Paulo-based food company will place at least BRL400m in local notes and make its "best efforts" to sell another BRL200m, Minerva said in a statement. It did not say which banks it has hired to underwrite the deal.  Minerva also said it will divide the issue into three- and five-year notes. The three-year paper will price no higher than 180bp over the DI interban

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