Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
Storage
Processing
ICT & Telecoms
Civil Engineering
Mining
Environment
Safety & Security
Business
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing this article with our compliments. 


register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

Vale plans to offer notes due in 2030

Vale has announced that its wholly owned subsidiary Vale Overseas Limited plans to offer senior unsecured notes due on 8 July 2030, unconditionally guaranteed by Vale SA.

Linked InTwitterFacebookeCard

Fitch Ratings reacted by assigning a ‘BBB-’ rating to notes. The Brazilian miner said it intends to apply the net proceeds from the offering for general corporate purposes.

 

“The notes will be unsecured obligations of Vale Overseas and will be fully and unconditionally guaranteed by Vale. The guarantees will rank equally in right of payment with all of Vale’s other unsecured and unsubordinated debt obligations,” the company said.

 

BB Securities Limited, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc and SMBC Nikko Securities America, Inc. are acting as joint lead managers and joint bookrunners.

 

The offering is being made pursuant to an effective shelf registration statement. A preliminary prospectus supplement with further information about the proposed offering has been filed with the U.S. Securities Exchange Commission (SEC).

 

Linked InTwitterFacebookeCard

You may also like these related articles...

Metso Outotec wins anode casting shop deals

South African mining volumes nosedive

BHP pushes expansion at Port Hedland

Monster lighting tower for the mining sector

Nornickel fighting allegations of cover-up

COVID-19 pandemic drives BHP innovation

Most Read


Mobile harbour crane business


Lumber by rail in Scotland


Ports' global footprint set to grow rapidly

Linked In
Twitter