Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Minerva to Buyback $1 Billion of Bonds

Minerva to Buyback $1 Billion of 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...
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