the mining company OK (VOUCH3) reported this Wednesday that its wholly-owned subsidiary Vale Overseas Limited intends to issue bonds due in 2033 guaranteed by the company.
A portion of the net proceeds from the offering will be used to fund the repurchase price of certain bonds issued by Vale and Vale Overseas and the remainder for general corporate purposes.
Earlier, Vale announced the start of offers to acquire outstanding debt securities issued by the company and Vale Overseas.
There are takeover offers for “bonds” with maturities in 2026, 2039, 2036, 2034 and 2042.
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Source: Moneytimes
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