Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Vale May Sell $1 Billion of 10-Year Dollar Bonds Today

Vale SA, the world’s largest iron-ore producer, plans to sell $1 billion of dollar bonds due in 2022 as soon as today, according to a person familiar with the transaction.

The debt may yield 255 basis points, or 2.55 percentage points more than similar-maturity U.S. Treasuries, according to the person, who asked not to be identified because terms aren’t set.

The Rio de Janeiro-based company is selling dollar bonds for the first time since September 2010, when it issued $1.75 billion of securities due in 2019 and 2039, Bloomberg data show. The 2019 bond priced to yield 210 basis points over Treasuries at the time. Yields on the debt rose seven basis points today to 4.2 percent.

Vale’s offering comes a day after the Brazilian government sold $750 million more of its 4.875 percent notes due 2021 to yield 3.449 percent, at a spread of 150 basis points above Treasuries.

Vale’s sale is being managed by Citigroup Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Banco do Brasil SA and Bradesco BBI, the company said in a regulatory filing earlier today.

Link to Company News: VALE3 BZ CN

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.