May 20, 2020
Brazilian food company Minerva said it plans to raise up to BRL600 million ($105 million) from the sale of agricultural receivables certificates, or CRAs, through the local securitization firm ISEC Securitizadora.
Minerva will sell two series of debentures to ISEC to support the CRA deal. The first series will mature in five years and price at either the IPCA consumer price index plus 2.75% or a fixed rate of 5.75% per year, whichever is higher. The second series will mature in six years and pri
Brazilian food company aims to raise $105 mln through an agricultural receivables deal