Jan. 4 (Bloomberg) -- Vale SA, the world’s largest iron-ore producer, sold $1 billion of dollar bonds due in 2022, according to data compiled by Bloomberg.
The 4.375 percent senior unsecured notes priced to yield 4.525 percent and pay 255 basis points, or 2.55 percentage points, more than similar-maturity U.S. Treasuries, Bloomberg data show.
Vale’s sale was managed by Citigroup Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Banco do Brasil SA and Bradesco BBI, the company said in a regulatory filing earlier today.
--With assistance from Drew Benson in New York and Gabrielle Coppola in Sao Paulo. Editor: Marie-France Han
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