By Christine Van Dusen
Atlanta, Sept. 4 - Brazil's Vale SA priced a $1.5 billion issue of 5 5/8% 30-year notes at 99.198 to yield Treasuries plus 300 basis points, a market source said.
BB Securities, Bradesco BBI, Citigroup, JPMorgan and Santander were the bookrunners for the Securities and Exchange Commission-registered deal.
The notes include a make-whole call.
Proceeds will be used for general corporate purposes.
Vale is a metals, mining and logistics company based in Rio de Janeiro.
| Issuer: | Vale SA
|
| Amount: | $1.5 billion
|
| Maturity: | Sept. 11, 2042
|
| Description: | Senior notes
|
| Bookrunners: | BB Securities, Bradesco BBI, Citigroup, JPMorgan, Santander
|
| Coupon: | 5 5/8%
|
| Price: | 99.198
|
| Spread: | Treasuries plus 300 bps
|
| Call features: | Make-whole call
|
| Trade date: | Sept. 4
|
| Settlement date: | Sept. 11
|
| Distribution: | Securities and Exchange Commission registered
|
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