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Vale Diversifies Into Euro Debt

Mar 12, 2010

Vale is diversifying its funding base with a debut euro-denominated bond next week, fuelling talk of a revival in LatAm issuance to Europe. The deal is a strategic move for the iron ore giant, say bankers leading it, with volume not the main objective. Size and tenor of the new deal should be finalized in meetings with the buyside next week. “The euro market is...

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