New Issue: Brazil's Voto-Votorantim prices $750 million 6¾% bonds due 2021 to yield 6 7/8%

By Christine Van Dusen

Atlanta, March 26 - Brazil's Voto-Votorantim priced $750 million 6¾% bonds due April 5, 2021 (Baa3/BBB/BBB-) at 99.046 to yield 6 7/8%, or Treasuries plus 302.6 basis points, according to a market source.

The bookrunners for the deal were Bank of America Merrill Lynch, Citigroup and HSBC.

Voto-Votorantim is part of industrial conglomerate Votorantim Group, a mining, metals and paper manufacturer based in Sao Paulo.

Issuer:	Voto-Votorantim
Issue:	Bonds
Amount:	$750 million
Maturity:	April 5, 2021
Bookrunners:	Bank of America Merrill Lynch, Citigroup, HSBC
Coupon:	6¾%
Price:	99.046
Yield:	6 7/8%
Spread:	302.6 bps over Treasuries
Trade date:	March 26
Settlement date:	April 5
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB
	Fitch: BBB-

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