Brazil's Gerdau SA, the largest long steel producer
in the Americas, has hired the investment banking units of
JPMorgan Chase & Co and Morgan Stanley & Co to
arrange a series of meetings with bond investors in the United
States and Europe, two sources with knowledge of the situation
told Reuters on Tuesday.
Following the meetings, Gerdau might sell at least $500
million in global bonds, subject to market conditions, the
The investor meetings are scheduled to start on Wednesday
and extend through Friday in London, New York, Los Angeles and
Boston. A team of Gerdau executives led by Chief Financial
Officer André Pires will lead the meetings, the sources said.