19 Mar 2010

Rating: Baa2/BBB+
Amount: Eu750m
Maturity: 24 March 2018
Issue/re-offer price: 99.564
Coupon: 4.375%
Spread at re-offer: 140bp over mid-swaps; 160.3bp over the 4% January 2018 OBL
Launched: Wednesday 17 March
Payment date:
Joint books:
BNP Paribas, Crédit Agricole, HSBC, Santander

Bookrunners’ comment:

This was Vale’s first venture in euros, and it went extremely well. The company wanted ...

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