Votorantim Cimentos unveils tender offer

Votorantim Cimentos unveils tender offer

Bonds

Votrantim Cimentos has launched a tender offer to buy any and all of its outstanding 5.25% 2017 senior notes, the Brazilian cement company said on Wednesday. The offer expires on April 16 and aims to buy back up to EUR750m in outstanding notes, Votorantim said in a statement. The company will buy back the bond at a cash price of 110.625 including a 3-cent consent payment. Citigroup, HSBC, Banco Santander, BB Securities, Banco Votorantim and Banco Bradesco are managing the transaction. Moody’s on

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