|Vale S.A. - VALE.n is a Brazilian multinational diversified metals and mining corporation that employs over 12,000.|
Vale is the second-largest mining company in the world, the largest producer of iron ore, and second largest of nickel. Vale also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, alumina and aluminium.
On February 5, 2017 the company released News
Vale hereby announces the pricing of the offering by its wholly owned subsidiary Vale Overseas of US$ 1,000,000,000 6.250% Guaranteed Notes due August 2026 guaranteed by Vale. The notes will be consolidated with, and form a single series with, Vale Overseas’s US$ 1 billion 6.250% notes due 2026 issued on August 3, 2016.
The notes will bear a coupon of 6.250% per year, payable semi-annually, and were sold at a price of 107.793% of the principal amount. These notes will mature in August 10, 2026 and were priced with a spread of 278.3 basis points over U.S. Treasuries, resulting in a yield to maturity of 5.200%.