Vale sold $1.25 billion of bonds due 2022 at 4.375%. The issuance was made by Vale Overseas Limited. On January 11, 2012 Vale issued $1 billion due 2022.
The board of directors of Natura approved a R$400 million ($220 million) issuance backed by promissory notes. The debt will be due in 180 days and will pay 103.75 percent of the DI rate.
Banco do Brasil and Noble Group signed a R$73 million ($40 million) agreement in rural credit and sugarcane financing.
General Shopping Brasil, through its Cayman Islands subsidiary General Shopping Investments, sold $150 million in perpetual bonds. General Shopping Brasil and its subsidiaries are insuring the bonds. The proceeds will help expand the company’s shopping malls and develop new projects.
BNDES, the Brazilian development bank, was given an additional R$2 billion ($1.1 billion) to fund very small to medium-sized Brazilian companies. The bank’s funding for this purpose rose to R$14 billion from R$12 billion. The resources came from the National Monetary Council of the Brazilian Finance Ministry.
Sonae Sierra Brasil, a shopping mall management company, issued R$300 million ($165 million) of debentures. The debentures are due in as many as seven years.
Amil, the health insurance company, will build a R$640 million ($352 million) hospital in Rio de Janeiro. The funding will come from the company’s 2007 IPO as well as its revenue and borrowings. Amil is eyeing a BNDES loan to help fund the purchase of equipment.
LLX Açu, a subsidiary of LLX Logística, announced it signed with the development bank BNDES a R$518 million ($284 million) loan. The credit will help fund the Açu port in the state of Rio de Janeiro.
The board of directors of homebuilder JHSF Participações approved the issuance of R$350 million ($194 million) of debentures.
OSX, the shipbuilding company controlled by the billionaire Eike Batista, borrowed $500 million in a sale of securities. The securities are due 2015 and will pay 9.25% per year. Pareto Securities coordinated the sale globally, while DNB Markets was leading coordinator. The proceedsd will help fund the construction of the oil platform FPSO OSX-3....
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