Vale (Vale3) approves issuance of R $ 6 billion in debentures

Vale (Vale3) approves issuance of R $ 6 billion in debentures

Vale Locomotiva fueled with diesel R in Vitória (ES) (Judeu Marc / Vale Press Release)

Vale (Vale3) announced on Thursday (22) that approved the 11th issuance of simple debentures, not convertible in shares, in the total amount of R $ 6 billion. The operation will be divided into three series, with deadlines of 7, 10 and 12 years.

The funds will be destined for priority projects in the transport sector, as framed by the Ministry of Transport. The offer will be public, with automatic registration with the CVM, pursuant to the current legislation.

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Vale reported that the registration request will be made soon and will keep the market up to date.

On Thursday, the action of the Mining in the Scholarship lost 0.75%, with the backdrop of modest variations of the futures of iron ore in China, where the most negotiated contract on the Dalian goods scholarship ended the day’s up negotiations with 0.14%, 727 Iuanes (US $ 100.93) tonne.

Source: Moneytimes

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