Vale Sells $1 Billion of 30-Year Bonds in Overseas Markets

By Veronica Navarro Espinosa

Nov. 3 (Bloomberg) -- Vale SA, the Rio de Janeiro-based company that is the world’s largest iron-ore producer, sold $1 billion of 30-year bonds in its second overseas dollar note offering this year.

Vale sold the bonds to yield 2.65 percentage points above similar-maturity U.S. Treasuries, according to Bloomberg data. Deutsche Bank AG, HSBC Holdings Plc and JPMorgan Chase & Co. arranged the offering, Vale said in a filing to Brazil’s securities regulator."

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