Bond Minerval SA 5.875% ( USL6401PAH66 ) in USD

Issuer	Minerval SA
Market price	99.9 % ▼
Country	Brazil
ISIN code	USL6401PAH66 ( in USD )
Interest rate	5.875% per year ( payment 2 times a year)
Maturity	19/01/2028
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Minimal amount	200 000 USD
Total amount	500 000 000 USD
Cusip	L6401PAH6
Standard & Poor's ( S&P ) rating	BB ( Non-investment grade speculative )
Moody's rating	N/A
Next Coupon	19/07/2026 ( In 160 days )
Detailed description	Minerva SA is a Brazilian multinational company focused on the production and distribution of beef, pork, and poultry products. Minerva SA, a leading Brazilian beef exporter and a key player in the global protein industry, has issued a notable fixed-income instrument identified by ISIN USL6401PAH66 and CUSIP L6401PAH6. Headquartered in Brazil, Minerva SA specializes in the production and commercialization of beef, lamb, and related by-products, operating an extensive integrated chain that spans slaughtering, processing, and distribution across various international markets, reinforcing its strategic position within the agribusiness sector. This specific U.S. Dollar (USD) denominated bond carries a coupon rate of 5.875% and is scheduled to mature on January 19, 2028, with interest payments distributed semi-annually. The total issue size for this obligation amounts to USD 500,000,000, designed with a minimum purchase increment of USD 200,000 per investor. As of recent market data, the bond is trading at 100.22% of its par value. Standard & Poor's (S&P) has assigned a 'BB' credit rating to this instrument, placing it in the non-investment grade category, which implies that while the issuer currently demonstrates sufficient capacity to meet its financial commitments, it may be more vulnerable to adverse economic conditions than higher-rated entities.