New Issue: Brazil’s Votorantim Cimentos sells €500 million 3˝% seven-year notes at 310 bps spread

By Aleesia Forni

Virginia Beach, May 7 – Votorantim Cimentos SA sold €500 million of 3˝% seven-year notes (Baa3/BBB/BBB) on Thursday at mid-swaps plus 310 basis points, a market source said.

The notes sold in line with talk.

Citigroup, Deutsche Bank, HSBC, Banco Votorantim, BB Securities, BofA Merrill Lynch, MUFG and Santander GBM are the bookrunners for the Rule 144A and Regulation S deal.

Votorantim Cimentos is a cement company based in Sao Paulo.

Issuer:	Votorantim Cimentos SA
Amount:	€500 million
Description:	Notes
Maturity:	2022
Bookrunners:	Citigroup, Deutsche Bank, HSBC, Banco Votorantim, BB Securities, BofA Merrill Lynch, MUFG, Santander GBM
Coupon:	3˝%
Spread:	310 bps over mid-swaps
Trade date:	May 7
Ratings:	Moody’s: Baa3
	Standard & Poor’s: BBB
	Fitch: BBB
Distribution:	Rule 144A and Regulation S
Price guidance:	310 bps area over mid-swaps

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.