Minerva Upsizes Domestic Bond Plan

Brazil’s Minerva plans to sell BRL450m ($222m) in the domestic bond market, up from the BRL420m originally announced, according to Anbima. The 2022 debenture is expected to pay a fixed rate of 16.95%. The meatpacker is looking for funds to support its projects for the next 10 years. An official declines to comment on the timing or additional details.