Brazilian mining giant Vale S. A. (Vale) announced on March 11 that it plans to offer euro-denominated notes in the global capital markets and use the income for general corporate purposes.
According to a company statement, the notes will be unsecured obligations of Vale and will rank equally with Vale's unsecured senior indebtedness. Vale has applied to list the notes on the official list of the Luxembourg Stock Exchange.
BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, HSBC Bank plc and Banco Santander S.A. are acting as book-running underwriters.
A preliminary prospectus supplement with further information about the proposed offering will be filed with the US Securities Exchange Commission (SEC) for potential investors.