December 7, 2017 |
Vale aims to retire its 2021 and 2022 debt, prioritizing potential liability management exercises in the New Year, the company CFO told journalists at an event in New York.
According to an investor presentation, the Brazilian miner has roughly $25.2bn in gross debt, of which 72% matures beyond 2020.
"Our profile is irregular, with a lot maturing in 2021 and 2022... The focus is on retiring 21 and 22 debt," Luciano Siani said at Vale Day held at the NYSE.
After these two years until 2030, Vale ha
Brazilian miner cites amortization profile as "irregular," prioritizes the retirement of medium-term liabilities