Vale enters global bond market after one-year hiatus


Vale Overseas Ltd sold US$1bil of new dollar notes maturing in 30 years. — Bloomberg

RIO DE JANEIRO: Vale, the world’s second largest iron-ore producer, tapped international bond markets for the first time in a year amid a debt buyback.

Vale Overseas Ltd, a subsidiary of the Rio de Janeiro-based firm, sold US$1bil of new dollar notes maturing in 30 years at a spread of 210 basis points over similar US Treasuries, according to people familiar with the matter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Jinhua – a trading hub without borders
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Watts from water
AI disruption fears rock markets
Smart city can’t beat the traffic
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read