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Minerva to issue R$ 420 million in simple debentures

Minerva has approved the issuance of R$ 420 million in convertible debentures maturing in ten years, according to the minutes filed with the Securities and Exchange Commission in Brazil (CVM).

In all, it will issue 4,200 debentures at a unit value of R$ 100,000. According to the document sent to the CVM, Minerva raise funds for investments by 2022. The document also says that remuneration of the securities will be decided on after investors have declared their intentions.

Information provided by Valor Economico



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