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Brazil's Minerva raises $600 million with 10-year bond sale, IFR reports

BY Reuters | CORPORATE | 04/15/26 03:31 PM EDT

SAO PAULO, April 15 (Reuters) - Brazilian meatpacker Minerva has raised $600 million with the issuance of dollar-denominated bonds that expire in 10 years, IFR reported on Wednesday.

* The issuance of the senior unsecured notes was priced at a 7.50% coupon and a 7.625% yield, IFR said.

* Minerva will use the proceeds from the sale to repay existing debt, according to IFR. (Reporting by Andre Romani, Editing by Natalia Siniawski)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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