Minerva prices two-part debenture deal

Minerva prices two-part debenture deal

Corporate & Sovereign Strategy Debt Debenture Latin America South America Brazil Capital Markets Rule 476

Brazilian beef company Minerva said Monday that it raised BRL1.6 billion ($288 million) in a two-part debenture deal in the local market, raising money to pay off high-cost debt in foreign currency. "With this move, we expect an additional reduction of approximately 250 basis points per year in the debt cost of this installment, the Barretos-based meatpacker said in a securities filing. Minerva printed BRL1.2 billion in seven-year debentures at the IPCA consumer price index plus 5.5034% and BRL4

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