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Emerging MarketsEM LatAm

Minerva beats Brazil volatility to notch 10 year

Minerva, LatAm, Minas Gerais, Brazil, cattle, cows, protein, meadows, Marfrig, JBS, LAtAm, 575

Beef exporter Minerva navigated another volatile day for Brazilian assets to raise $1bn of new 10-year non-call five notes on Wednesday, offering a slight pick-up to rival Marfrig that bankers saw as justified given Marfrig’s larger size and US operations.

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