Minerva set to raise R$600m in 5- and 6-year CRAs

Minerva Foods, the third-largest beef producer in Brazil, will raise R$600 million with an issue of Agribusiness Receivables Certificates (CRA) in two series maturing in 2025 and 2026, sources say. XP Investimentos and BTG Pactual will coordinate the transaction. In the series maturing in five years, the company will raise R$400 million with a return of IPCA (Extended Consumer Price Index) plus 5.75% a year. The securities that will mature in 2026 are likely to offer a return of CDI...

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