Minerva issues US$ 600 million in bonds with strong demand

Minerva Foods announced the issuance of US$ 600 million in international bonds maturing in 2036, with a 7.5% coupon, through its Luxembourg subsidiary. The transaction, aimed at institutional investors, was 2.5 times oversubscribed, reflecting strong market appetite, the company said.

The proceeds will be mainly used to repay debt, with the remaining funds allocated to general corporate purposes. The company noted that the issuance is part of its strategy to optimize its financial profile and improve its capital structure.