Vale Sells $1 Billion of Bonds Maturing in 2022

Vale SA (VALE3) sold $1 billion of bonds maturing in 2022, according to an e-mailed statement.

The securities have a coupon of 4.375 percent and were priced with a spread of 255 basis points over U.S. Treasuries, Vale said.

To contact the reporter on this story: Adriana Chiarini in Rio de Janeiro at achiarini4@bloomberg.net

To contact the editor responsible for this story: Jonathan Roeder at jroeder@bloomberg.net

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