• Categories
  • Archives

Brazil’s CVRD Issues Record US$ 1 Billion in Bond to Foreigners

Brazil’s Vale do Rio Doce Company has just announced the sale of US$ 1 billion in bonds to 175 investors in Latin America, Europe, the United States, and Asia.

According to company president Roger Agnelli, the bond issue was transacted at the lowest cost ever for a Brazilian 10-year title, at an annual interest rate of about 6.25%.

"The Vale company took advantage of the favorable conditions on the global capital market and investor confidence in its financial soundness," Agnelli affirmed.

According to the executive, this was the largest bond issue ever made by a Brazilian company on foreign capital markets. The funds obtained through the operation will be used to cover the company’s financial requirements.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil & Neighbors Are Beefing Up Their Armed Forces. No Arms Race, They Say

Brazil, its Latin American neighbors and US officials may deny it, but there is ...

Brazilian Children With AIDS Get Helping Hand from Los Angeles Foundation

Los Angeles-based Children Affected by AIDS Foundation (CAAF) announced its first ever international grant ...

Brazil Tells World It Won’t Be Swayed on Iran Issue: ‘We’re Independent’

In Iran for political and technical discussions with the Tehran government, Brazil’s foreign minister, ...

Controllers Slowdown in Brazil May Bring US$ 19 Million Lawsuit by Airlines

The air transportation chaos that has been installed in Brazil the last few days ...

Brazil Minister Says 5 New Hydroelectric Plants in the Amazon Were Inspired by Avatar, the Movie

The president of Brazil, Dilma Rousseff, signed the decree for the construction of five ...

Brazil Triples Funds for Exports to Close to US$ 800 Million

Brazil's federal government is going to nearly triple the funds for its Export Financing ...

Brazil: Governor Finds Abandoned Patients, Old Drugs, and Cockroaches in Hospital

Rio’s governor, Sérgio Cabral Filho, made a surprise visit to the state hospital Albert ...

200,000 Children in Brazil Are Learning from Mao’s Red Book

Leornardo Boff, a former Catholic friar and the ‘father’ of liberation theology in Brazil, ...

Brazil Starts Year with Bang Exporting Half a Billion Bucks a Day

The international trade flow began the year at a rhythm similar to last year. ...