New Issue-Vale Overseas sells $1 bln in 30-yr bonds

Tue Nov 3, 2009 4:22pm EST 

  Nov 3 (Reuters) - Vale Overseas Ltd on Tuesday sold $1
billion of 30-year bonds, said IFR, a Thomson Reuters service.
  Deutsche Bank, HSBC, and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: VALE OVERSEAS LIMITED
AMT $1 BLN       COUPON 6.875 PCT    MATURITY 11/10/2039
TYPE NOTES       ISS PRICE 98.564    FIRST PAY 5/10/2010
MOODY'S Baa2     YIELD 6.99 PCT      SETTLEMENT 11/10/2009
S&P BBB-PLUS     SPREAD 265 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS   MORE THAN TREAS    NON-CALLABLE
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