Votorantim Cimentos tours Europe

Votorantim Cimentos tours Europe

Bonds

Votorantim Cimentos is meeting investors in several European countries ahead of an expected transaction to raise up to $1bn to fund a tender offer. The Baa3/BBB/BBB rated company met investors in London on Friday, and the meetings continue in Frankfurt and Munich today, and in Amsterdam and Paris on Tuesday. Fitch last week said Votorantim could sell up to $1bn in euros or dollars and assigned a BBB rating to the proposed bond sale. “The company is very solid. They have a very good position in B

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