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Brazil's Votorantim Cimentos talks dollar 30-year notes at 7½% area
By Christine Van Dusen
Atlanta, March 31 - Brazil's Votorantim Cimentos SA set price talk for a planned benchmark-sized issue of dollar-denominated notes due 2041 (Baa3/BBB/) at the 7½% area, a market source said.
Merrill Lynch, Itau and JPMorgan are the bookrunners for the Rule 144A and Regulation S notes, which include a change-of-control put at 101% with a ratings downgrade.
Votorantim Cimentos is a Sao Paulo-based cement manufacturer.
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