November 11, 2019 |
Brazil's Gerdau has hired Bradesco BBI, Bank of America and Mizuho to lead the sale of $500 million in 10-year bonds, said a source following the deal.
The steelmaker has not been in the cross-border bond market this year, but it has decided to return after the government issued $2.5 billion in new 2050 notes and added $500m to its 2029 notes on November 4, the source said.
Gerdau sold $650 million in 10-year dollar bonds in October 2017, raising money to fund the buyback of $587 million in outs
Brazilian steelmaker hires Bradesco BBI, Bank of America and Mizuho to lead a $500 mln dollar bond deal