Vale to tap euro market

12 Mar 2010

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 Moody’s and Standard & Poor’s, said the funds raised will be used for general corporate purposes. It declined to comment on the size, tenor or timing of the deal.

As the world’s second largest diversified metals and mining company, and one ...

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