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Voto Keeps Retap Concession Low Despite Size

Feb 3, 2012

Brazil’s Votorantim Cimentos has reopened its 7.250% 2041 bonds for $500m, bringing the outstanding size of the issue to $1.25bn. The Baa3/BBB/BBB cement maker joins fellow Brazilian high-grade credit Petrobras this week in seeing opportunity...

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