Minerva raises $600 million in 10-year bond sale
Sale proceeds will be used to pay existing debt
Minerva raised $600 million with the issuance of dollar-denominated bonds set to expire in 10 years, Reuters reported, citing the Brazilian meatpacker on Wednesday.
The notes were priced at a 7.50% coupon, Minerva said in a securities filing.
The issuance was made through its subsidiary, Minerva Luxembourg.
The proceeds from the sale will be used to repay existing debt and general business purposes.