Minerva & Metalsa Buyback Bonds

Minerva & Metalsa Buyback Bonds

by | May 4, 2021 | High Yield Bonds

Brazil’s Minerva Food exercised a doomsday call on its 6.5% 2026s last Friday in a bid to lower capital costs by 200bp. This comes after Minerva raised ~$294mn via debentures in the local market on April 20 to refinance high-cost debt in foreign currency with cost...
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