Minerva Plans Debentures

Brazil’s Minerva plans to turn to the local bond markets for fundraising, it says, seeking a BRL420m ($208m) 2022. The meatpacker is looking for money to fund projects for the next 10 years. Pricing is to be determined during the sale process, and it does not yet name the banks. Officials at the company did not return requests for comment. In March, Minerva reopened its 12.25% of 2022 NC5 international bond for $100m, following a $350m sale in February. BTG Pactual, Goldman Sachs, Itau and Morgan Stanley managed those issuances.