Vale to tap euro market
Brazilian mining firm Vale is to debut in the euro denominated bond market, mandating four banks — BNP Paribas, Crédit Agricole, HSBC and Santander — to lead manage the issue.
The company, rated Baa2 and BBB+ by Moodys and Standard & Poors, said the funds raised will be used for general corporate purposes. It declined to comment on the size, tenor or timing of the deal.
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