New Issue-Gerdau Holdings sells $1.25 bln in notes

Nov 18 (Reuters) - Gerdau Holdings, a unit of Gerdau SA
(GGBR4.SA) (GGB.N), on Wednesday sold $1.25 billion of senior
unsecured notes in the 144a private placement market, said IFR,
a Thomson Reuters service.

HSBC and Santander were the active bookrunning managers
for the sale. Bank of America, Citigroup, JP Morgan, and Itau
Unibanco were the passive bookrunners.
BORROWER: GERDAU HOLDINGS INC
AMT $1.25 BLN COUPON 7.00 PCT MATURITY 1/20/2020
TYPE SR UNSC NTS ISS PRICE 98.20 FIRST PAY 7/20/2010
MOODY'S N/A YIELD 7.25 PCT SETTLEMENT 11/24/2009
S&P BBB-MINUS SPREAD 390.1 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE