Votorantim takes $400m at tight price for latest tender

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Votorantim takes $400m at tight price for latest tender

Votorantim Industrial priced a $400m 10 year note this week to fund a partial buy-back of three dollar notes. The exercise was the third tender from Latin America this week, and like its peers Votorantim was able to use the asset and liability management (ALM) component of its deal to pull pricing tighter.

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