Vale plans to sell 10-year dollar bonds by June, source says
Feb 18 (Reuters) – Vale SA, the world’s largest iron ore producer, will move forward with a planned offering of 10-year, U.S. dollar-denominated global bonds during the first half of the year, a source with direct knowledge of the transaction said.
The sale of the senior notes will take place when market conditions look most favorable to lower the Rio de Janeiro-based company’s borrowing costs, said the source, who declined to be identified since the deal is still under analysis. The source did not detail terms of the proposed deal, such as the size of the issue.
Read more at: http://www.reuters.com/article/2014/02/18/vale-brazil-bonds-idUSL2N0LN10K20140218
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