CVRD Prices Record $1.9bn Convert

Jun 20, 2007

Brazilian mining giant CVRD sold a $1.9bn two-tranche offering of mandatory convertible preferreds Tuesday, the first such hybrid offering from the region in recent memory, and probably the biggest ever. The shares, which carry a 5.50% coupon and a 26.00%...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


Which area will be most profitable for investment banks in LatAm in 2016?