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03-07-2012 11:26:00

Vale Plans 2023 Euro Benchmark Senior Unsecured Bond Issue

Relateret indhold

By Ben Edwards

Brazilian mining company Vale SA (VALE) is planning a benchmark-size, euro-denominated, senior, unsecured bond, maturing January 2023, one of the banks running the deal said Tuesday.

Initial price thoughts are in the area of 185 basis points over midswaps.

BNP Paribas SA, Credit Agricole CIB, HSBC Holdings PLC and Natixis are the lead managers of the sale.

The issuer is rated Baa2 by Moody's Investors Service Inc., A- by Standard & Poor's Corp. and BBB+ by Fitch Ratings.

Write to Ben Edwards at ben.edwards@dowjones.com

(END) Dow Jones Newswires

July 03, 2012 05:26 ET (09:26 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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Symboler i denne historie

Hsbc Hldgs.Uk ORD $0.50 .. 767,68 0,3% Stigning i aktiekurs
51,11,21,31,52,75,78,69,45,67
Vale S.A. American Depos.. 15,90 -2,1% Fald i aktiekurs
56,98,56,62,50,40,35,17,2,1
Credit Agricole 7,50 1,6% Stigning i aktiekurs
30,26,29,44,57,78,93,89,90,83
Vale S A CL 'P' 15,07 -2,1% Fald i aktiekurs
62,96,60,69,57,48,41,21,1,5
BNP Paribas Act.A 46,05 1,2% Stigning i aktiekurs
38,7,12,6,40,33,69,85,66,77
Natixis 3,66 0,8% Stigning i aktiekurs
54,21,11,11,16,47,42,63,63,97
Hsbc Holdings plc 57,37 -0,5% Fald i aktiekurs
85,89,38,56,54,44,44,21,5,9
Hsbc Holdings 8,99 1,5% Stigning i aktiekurs
62,18,18,25,37,68,100,75,56,93
Vale 12,38 -0,6% Fald i aktiekurs
100,100,100,100,100,0,0,0,0,0
Vale Pref 15,61 2,2% Stigning i aktiekurs
0,0,0,0,0,0,0,0,0,0

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