by bondevalue | Mar 16, 2021 | High Yield Bonds
Brazilian beef company Minerva bought back $912mn of its 6.5% senior bonds due 2026, which represents 75.8% of the outstanding amount, by March 12. The Brazilian company issued $1bn of 4.375% 2031s in order to fund the buyback. Minerva had offered earlier this month...
by bondevalue | Mar 4, 2021 | Investment Grade Bonds
Brazilian beef company Minerva raised $1bn via a 10NC5 bond at a yield of 4.5%, 25bp inside initial guidance of 4.75% on Wednesday. Proceeds will be used to fund the buyback of up to $1.2bn of its outstanding 6.5% 2026s. Minerva is offering $1,062.80 for every $1,000...
